Contracting between Firms: Empirical Evidence
We analyze contracts between a large buyer and her suppliers. We find that contracts with critical product suppliers contain more clauses that address moral hazard, primarily through monitoring. If holdup concerns are larger, there are more contractual protections against it. Over time, contracts wi...
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| Format: | Article |
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MIT Press
2018
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| Online Access: | http://hdl.handle.net/1721.1/115282 https://orcid.org/0000-0002-3193-0441 |