[劳动与发展经济学研讨会]When do legal and relational contracts function as substitutes or complements
发文时间:2013-03-18

劳动与发展经济学研讨会              

【ECON201302】      

   

     

时间:320日,星期, 14:00—16:00
地点:明德主楼729会议室                            

【主讲人】:李三希 365体育官方唯一入口        

【主题】:hen do legal and relational contracts function as substitutes or complements            

【摘要】:We study the conditions under which formal legal contracts complement or substitute for informal relational contracts when only part of the cooperation dimensions are legally contractible. We show that:1) With symmetric payoffs but interdependent dimensions, technological or preference complementarity (substitution) between the cooperation dimensions yields the complementarity (substitution) between legal and relational contracts; and 2)With asymmetric payoffs but independent dimensions, legal contracts complement informal relational contracts if the dimension for which players have more incentive to deviate is first legally-contracted.


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