We relate the design of contract law to the process of development. In this paper, contract law defines which private … levels of effort and trading among agents. The solution to this problem requires a social contract which meets two conditions …: (i) an economywide delegate (judge) responsible for the enforcement of the social contract and (ii) a set of non …

This paper studies cross-border intellectual property rights (IPR) as a North-South contract using a Nash bargaining … effective in preventing contract violation up to a critical level of absorptive capacity. We relate this to the US Trade …

We propose a model to analyze how evidence-based rulings affect incentive contract formation and welfare. A contract … arbitrators, and discuss their specific roles in contract enforcement …

Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …

principal is ambiguity averse, and designs a contract which is robust to the worst case effort cost process. Ambiguity divides … the contract into two regions. After sufficiently high performance, the agent reaches the over-compensation region, where … he receives excessive benefits compared to the contract without ambiguity, while after low performance, he enters the …

be implemented even if the supervisor's preferences are unknown. The corresponding optimal contract is similar to what we …

contract. While enabling the principal to plan and control the project process better, the IPE may also adversely affect the … involves subjective measures, not using IPE may be in the principal's interest; the reason is that the contract now features a …