paradigm relation, i.e. a management contract. In this analysis we use MacNeil's norms model and we test in relation to twelve … unilateral and bilateral obligations of a standard management contract relation. We examine which norms and to what extent apply …

Trust between parties should drive contract design: if parties were suspicious about each others' reaction to unplanned ….S. consulting contracts and a negative shock to trust between shareholders/managers (principals) and consultants (agents) staggered … across space and over time, we find that lower trust increases contract completeness. Not only the complexity but also the …

employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave …

In this paper, firms engage in rent seeking in order to be assigned a governmental contract. We analyze how a change in … the contract length affects the firms' rent-seeking behavior. A longer contract leads to more rent seeking at a contract … assignment stage, as the firms value the contract higher. On the other hand, the contract has to be assigned less often, which of …