Relational Contracts: Recent Empirical Advancements and Open Questions /
Macchiavello, Rocco.
Relational Contracts: Recent Empirical Advancements and Open Questions / Rocco Macchiavello, Ameet Morjaria. - Cambridge, Mass. National Bureau of Economic Research 2023. - 1 online resource: illustrations (black and white); - NBER working paper series no. w30978 . - Working Paper Series (National Bureau of Economic Research) no. w30978. .
February 2023.
Relational contracts - informal self-enforcing agreements sustained by repeated interactions - are ubiquitous both within and across organizational boundaries. This review highlights recent empirical contributions in selected areas. We begin by reviewing some recent work that explicitly takes the dynamic incentive compatibility constraints that underpin relational contract models to the data. We then discuss the relationship between relational contracting and firms' performance. We conclude pointing in directions that we consider to be particularly ripe for future work.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Economics of Contract: Theory
Empirical Studies of Trade
Transactional Relationships • Contracts and Reputation • Networks
International Linkages to Development • Role of International Organizations
Relational Contracts: Recent Empirical Advancements and Open Questions / Rocco Macchiavello, Ameet Morjaria. - Cambridge, Mass. National Bureau of Economic Research 2023. - 1 online resource: illustrations (black and white); - NBER working paper series no. w30978 . - Working Paper Series (National Bureau of Economic Research) no. w30978. .
February 2023.
Relational contracts - informal self-enforcing agreements sustained by repeated interactions - are ubiquitous both within and across organizational boundaries. This review highlights recent empirical contributions in selected areas. We begin by reviewing some recent work that explicitly takes the dynamic incentive compatibility constraints that underpin relational contract models to the data. We then discuss the relationship between relational contracting and firms' performance. We conclude pointing in directions that we consider to be particularly ripe for future work.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Economics of Contract: Theory
Empirical Studies of Trade
Transactional Relationships • Contracts and Reputation • Networks
International Linkages to Development • Role of International Organizations