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The economics of contracts: Theories and applications

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  • Brousseau, Eric
  • Glachant, Jean-Michel

Abstract

Twenty-five papers survey and illustrate approaches to and applications of contract economics. Earlier versions of most of the papers were published in special issue no. 92 of the Revue d'Economie Industrielle entitled "The Economics of Contracts in Prospect and Retrospect" (2000). Papers discuss the New Institutional Economics; contract and economic organization; the role of incomplete contracts in self-enforcing relationships; entrepreneurship, transaction cost economics, and the design of contracts; the contract as economic trade; contract theory and theories of contract regulation; economic reasoning and the framing of contract law; a transaction cost approach to the analysis of property rights; transaction costs and incentive theory; norms and the theory of the firm; allocating decision rights under liquidity constraints; complexity and contract; authority, as flexibility, at the core of labor contracts; positive agency theory; the econometrics of contracts; experiments on moral hazard and incentives; residual claims and self-enforcement as incentive mechanisms in franchise contracts; the quasi-judicial role of large retailers; interconnection agreements in telecommunications networks; licensing in the chemical industry; intercompany agreements and EC competition law; incentive contracts in utility regulation; the performance of different contractual arrangements for water supply in France; lessons from international electricity sector reforms; and a transactions cost perspective on electricity sector restructuring and competition. Brousseau is at the University of Paris X and a member of the Institute Universitaire de France. Glanchant is at the University of Paris XI. Bibliography; name and subject indexes.

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Bibliographic Info

Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/12331.

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Date of creation: 2002
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Handle: RePEc:dau:papers:123456789/12331

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Related research

Keywords: Contrats‎; Contracts; Incomplete Contracts;

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Cited by:
  1. Sandro Sapio, 2004. "Markets Design, Bidding Rules, and Long Memory in Electricity Prices," Revue d'Économie Industrielle, Programme National Persée, vol. 107(1), pages 151-170.
  2. Joskow, P.L., 2003. "The Difficult Transition to Competitive Electricity Markets in the U.S," Cambridge Working Papers in Economics 0328, Faculty of Economics, University of Cambridge.
  3. Paul Joskow & Jean Tirole, 2003. "Merchant Transmission Investment," Working Papers 0304, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
  4. Fuat Oğuz, 2010. "Competition by regulation in energy markets: the case of Turkey," European Journal of Law and Economics, Springer, vol. 30(1), pages 41-58, August.
  5. Glanchant, J-M. & Pignon, V., 2003. "Nordic Electricity Congestion's Arrangement as a Model for Europe: Physical Constraints or Operators' Opportunity," Cambridge Working Papers in Economics 0313, Faculty of Economics, University of Cambridge.
  6. Harvey, Sallyann, 2005. "Using contracts to mitigate salinity: an analysis of voluntary cost-sharing agreements," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137926, Australian Agricultural and Resource Economics Society.
  7. Harvey, Sallyann, 2004. "Dryland salinity, coordinating action and economic policy: a role for contracts?," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58703, Australian Agricultural and Resource Economics Society.
  8. Adrien de Hauteclocque & Yannick Perez, 2011. "Law & Economics Perspectives on Electricity Regulation," RSCAS Working Papers 2011/21, European University Institute.
  9. Sandro Sapio, 2006. "An Empirically Based Model of the Supply Schedule in Day-Ahead Electricity Markets," LEM Papers Series 2006/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  10. Allaire, Gilles, 2009. "Economics of Conventions and the New Economic Sociology and our Understanding of Food Quality and New Food Markets and Trade Institutions: What are markets that pure economics does not know?," 2009 Conference, August 16-22, 2009, Beijing, China 53203, International Association of Agricultural Economists.
  11. Giulio Bottazzi & Sandro Sapio & Angelo Secchi, 2004. "Some Statistical Investigations on the Nature and Dynamics of Electricity Prices," LEM Papers Series 2004/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  12. Arup Maharatna, 2008. "Development of What? An Exposition of the Politics of Development Economics," Working Papers id:1819, eSocialSciences.
  13. Emeric Lendjel, 2013. "Le transport fluvial de vrac," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00977964, HAL.
  14. Karantininis, Kostas & Sauer, Johannes & Furtan, William Hartley, 2010. "Innovation and integration in the agri-food industry," Food Policy, Elsevier, vol. 35(2), pages 112-120, April.
  15. Ashima Goyal, 2007. "Governance in India’s Public Transport Systems - Comparing Indian Railways and Airlines," Microeconomics Working Papers 22402, East Asian Bureau of Economic Research.
  16. Lumini?a Gabriela POPESCU, 2011. "Structural Dynamic Of The Public Sector And Multilevel Governance: Between Hierarchies, Market And Network Forms," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2011(17), pages 47-63, December.

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