Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the …

control sessions, incentives are formulated as a classic gain contract, while in treatment sessions, incentives are framed as … an isomorphic loss contract. Our results show that loss contracts reduce the minimum efforts of groups and worsen …

We implement a laboratory experiment in which a principal has to decide on monitoring intensity and pay to investigate … be complements. The between-treatment variation in our experiment is qualitatively in line with the normative prediction …

sugar beets for biogas production based upon the analysis of a discrete choice experiment with 118 arable farmers conducted … maize. However, with respect to their own farms, farmers prefer to maintain their status-quo instead of choosing a contract …. Findings also indicate that risk-averse farmers are more likely to contract sugar beets as a biogas substrate than less risk …

contract framing effect in either condition: effort provision is statistically indistinguishable under bonus and penalty …