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 …

argument concerns the validity of freely-negotiated labour contracts, containing provisions for mandatory retirement. In the … was imposed unilaterally, without negotiated contracts; but the paper also discusses the nature, and economic rationale …, of such contracts that involve the suppression of individual rights in the presumed favour of the majority (if and when …

institution. We also explain why a policy of offering subsidized loans in the second period to agents who are poor due to a …

building trust and substituting for the difficulty of enforcing contracts internationally. The networks we are interested in …