Much of the economics of organization deals with the formal rights and rules that govern
organizations, both in normative and positive analyses. Who should have legal claim to what …

In this article, we review the emerging economic literature on formal and informal
contracting. Two patterns emerge from this literature. First, the use of informal contracts to …

Formal contracting addresses the moral hazard problems inherent in interfirm deals via
explicit terms designed to achieve incentive alignment. Alternatively, when firms expect to …

This chapter is about relational contracts, agreements for which the ongoing relationship
between the parties plays an essential role in determining what happens. Its concern is with …

This study investigates contracting mechanisms in situations of opportunistic disputes
between organizations. The authors specifically explore the relationships between the …

In this paper, we identify the implications of different levels of contract completeness for the
delivery of public services. While numerous factors influence the effectiveness of more or …

How do industry participants govern knowledge commons and deal with knowledge
production and sharing? Beyond privatized intellectual resources safeguarded by the …

In several food‐producing sectors, we observe vertical integration between the farming and
processing stages. The salmon industry, which has motivated this paper, has seen a rise in …

Public–private partnership (PPP) projects often end in early termination and the
governments must compensate private-sector partners and take over project assets. Based …

This paper proposes a new approach to equilibrium selection in repeated games with
transfers, supposing that in each period the players bargain over how to play. Although the …