form of contract governance. Under plausible assumptions, such agreements will cause employment to diverge from efficiency …This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the … employment level is controlled by firms. The firms ' superior information about profitability conditions is responsible for this …

form of contract governance. Under plausible assumptions, such agreements will cause employment to diverge from efficiency …This paper studies the efficient agreements about the dependence of workers' earnings on employment, when the … employment level is controlled by firms. The firms ' superior information about profitability conditions is responsible for this …

Joskow (1987) examined the importance of specific investments to the contract duration of coal contracts. Since … examines how the level of specific investments affect the design of coal contract structure, namely the simultaneous choices of … contract duration and pricing provision. The empirical results show that, from both the separate and joint estimations, the …

governmental contract enforcement. We find that firms in relationship-specific industries have higher valuations, measured by Tobin …