Sentence examples for relational contracting from inspiring English sources

These results suggest that the hold-up risk due to specific investment can often be effectively controlled by relational contracting based on keiretsu sourcing, while accommodating non-contractible design changes may often require vertical integration.

He authored several books on economics, including The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting (1985) and The Mechanisms of Governance (1996).

Relational contracting means that people prefer to deal with people that they know and trust.

I use laboratory experiments to examine the effect of truthful and cheap communication in a relational contracting setting.

When contracting parties adopt relational contracting (RC) as opposed to formal contracting stance, the construction project may achieve good outcomes.

Given that fixed prices are contractually heavier than cost-plus agreements, this result suggests that complexity strongly moderates the relationship between formal and relational contracting.

Therefore, from the bilateral governance frame in relational contracts, maintaining contract relations depends on factors other than the rights and interests of both parties.

Therefore as the relational contract is embedded into social relations, its analytic concept of time naturally becomes social time.

He registered with Wikipedia to clean up an article on his specialist subject – relational contract theory.

Even more important, as Brad unambiguously earns all the money, Nancy has the relational contract of sheer gratitude to pull on, due to his clearly measurable value.

Relational contracts and market power.