We study the optimal duration of contracts in a principal-agent framework with both moral hazard and adverse selection …. Agents decide on a contract-specific and non-verifiable investment. Incentive compatibility requires that initial contracts …

usually roll over: a leading example is a standard employment contract. We argue that what distinguishes a continuing contract … from a short‐term (or fixed‐term) contract is that parties apply notions of fairness, fair dealing, and good faith as they … revise the terms of the contract: specifically, they use the previous contract as a reference point. We show that a …

This study applied a multi-theoretical perspective to explore factors that determine the duration of continuing supply … of contract termination: (1) decrease with the level of site-specificity in the processor-grower relationship; (2 …