It is well established that an incumbent firm may use exclusivity contracts so as to monopolize an industry or deter … negative effects (exclusion) of exclusivity contracts. We revisit the seminal model of Aghion and Bolton (1987) under risk …-aversion and show that although exclusivity contracts induce optimal risk-sharing, they can be used not only to deter the entry of …

arbitration does succeed in attracting customers, such as businesses including arbitration clauses in their consumer contracts … arbitration clauses in a sample of material contracts (such as loan commitments and merger agreements) filed with the SEC, and … found that only a small percentage of the material contracts included arbitration clauses. The second study (with Professor …

How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or …. In much of the world and through much of history, private mechanisms--such as long-term relationships, arbitration …

In this essay, I will identify one theoretical source of the common antipathy towards form contracts and why it is … misguided. I contend that the hostility towards form contracts stems in important part from an implicit adoption of a promise … contracts can be seen as entirely legitimate-though some form terms may properly be subject to judicial scrutiny that would be …

), the principal then responds by offering the agent a (possibly degenerate) menu of contracts that are payoff-equivalent for …'s strategy to be Markov is without loss in the case of deterministic decisions, e.g. when the contracts are deterministic and the …