, oftentimes contract forms are chosen that do not fit participant's (owners', contractors') competences and risk capabilities. In … this paper, MIPP order contract forms are evaluated for the most common settings of owners and contractors with respect to … MIPP are laid-out. Focusing on the main order contract, the involved parties are termed, introducing a "standard situation …

nature of investment, writing a simple fixed-price contract can be valuable under repeated transactions: There is a range of … parameter values in which a higher investment can be implemented only if a formal price contract is written and combined with a … relational contract. We also show that there are cases in which not writing a formal contract but entirely relying on a …

contract that specifies only a fixed quantity and a fixed per-unit price can induce efficient investment if marginal cost is … risk of breaching, the first best becomes attainable with a simple price-quantity contract. …

experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary …-order enforcement. Moreover, we investigate whether company players offer price premiums to extend the contract’s self-enforcing range …

. We find that it is optimal to write an augmented Cadillac contract that sets one threshold such that it cannot be met …