The work on incomplete contracts cited by the prize committee began in the summer of
1983, but it may be useful to say a bit about how I reached that point. As a graduate student …

本文沿着中国企业激励制度市场化改革和全球公司治理趋同这两条主线, 基于超越最优契约范式
的市场配置视角, 经理权力视角以及契约订立过程中的参照点效应, 提出了关于中国上市公司高 …

Abstract Hart and John Moore (2008) introduce new behavioral assumptions that can
explain long-term contracts and the employment relation. We examine experimentally their …

Behavioral scientists have begun to research 'sludge,'excessive frictions that make it harder
for people to do what they want to do. Friction is also an important concept in transaction …

This paper shows moral decision making is not well predicted by the overall fairness of an
act but rather by the fairness of the consequences that follow directly. In laboratory …

Using coordination games, we elicit social norms directly for two different games where
either an agreement to take the first best action has been reached or where no such …

Firms are a ubiquitous feature of the economic landscape, with much of the activity
undertaken within an economy taking place within their boundaries. Given the size of the …

Complementing the current management literature's focus on the value-creation side of
empowerment practices, this paper offers a transaction cost-exchange perspective to …

The notion of contracts as reference points provides the basis for a deeper understanding of
important phenomena such as the employment contract, vertical integration, firm scope …

We study experimentally how communication changes the effectiveness of contract types
when sellers choose unenforceable quality after a possible cost shock. Communication …