{"id":"https://openalex.org/W3122869861","doi":"https://doi.org/10.1111/j.0741-6261.2008.00018.x","title":"Costly contracting in a long\u2010term relationship","display_name":"Costly contracting in a long\u2010term relationship","publication_year":2008,"publication_date":"2008-06-01","ids":{"openalex":"https://openalex.org/W3122869861","doi":"https://doi.org/10.1111/j.0741-6261.2008.00018.x","mag":"3122869861"},"language":"en","primary_location":{"id":"doi:10.1111/j.0741-6261.2008.00018.x","doi":"https://doi.org/10.1111/j.0741-6261.2008.00018.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.0741-6261.2008.00018.x","pdf_url":null,"source":{"id":"https://openalex.org/S34139249","display_name":"The RAND Journal of Economics","issn_l":"0741-6261","issn":["0741-6261","1756-2171"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The RAND Journal of Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=480642","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5019706590","display_name":"Pierpaolo Battigalli","orcid":"https://orcid.org/0000-0002-8385-3847","observed_orcids":["https://orcid.org/0000-0002-8385-3847"]},"institutions":[{"id":"https://openalex.org/I71209653","display_name":"Bocconi University","ror":"https://ror.org/05crjpb27","country_code":"IT","type":"education","lineage":["https://openalex.org/I71209653"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Pierpaolo Battigalli","raw_affiliation_strings":["Bocconi University; [email protected]","Bocconi University; pierpaolo.battigalli@unibocconi.it"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bocconi University; [email protected]","institution_ids":["https://openalex.org/I71209653"]},{"raw_affiliation_string":"Bocconi University; pierpaolo.battigalli@unibocconi.it","institution_ids":["https://openalex.org/I71209653"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102417950","display_name":"Giovanni Maggi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I32971472","display_name":"Yale University","ror":"https://ror.org/03v76x132","country_code":"US","type":"education","lineage":["https://openalex.org/I32971472"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Giovanni Maggi","raw_affiliation_strings":["Yale University; [email protected]","Yale University; giovanni.maggi@yale.edu"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Yale University; [email protected]","institution_ids":["https://openalex.org/I32971472"]},{"raw_affiliation_string":"Yale University; giovanni.maggi@yale.edu","institution_ids":["https://openalex.org/I32971472"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3400,"currency":"USD","value_usd":3400},"apc_paid":null,"fwci":9.8885,"has_fulltext":false,"cited_by_count":63,"citation_normalized_percentile":{"value":0.97669903,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"39","issue":"2","first_page":"352","last_page":"377"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.9897000193595886,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.9897000193595886,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.004000000189989805,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/repeated-interaction","display_name":"repeated interaction","score":0.7239999771118164},{"id":"https://openalex.org/keywords/long-term-relationships","display_name":"long-term relationships","score":0.9369999766349792},{"id":"https://openalex.org/keywords/formal-contracts","display_name":"formal contracts","score":0.8820000290870667},{"id":"https://openalex.org/keywords/informal-contracts","display_name":"informal contracts","score":0.9309999942779541},{"id":"https://openalex.org/keywords/self-enforcing-agreements","display_name":"self-enforcing agreements","score":0.968999981880188}],"concepts":[{"id":"https://openalex.org/C61797465","wikidata":"https://www.wikidata.org/wiki/Q1188986","display_name":"Term (time)","level":2,"score":0.7646191716194153},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.526964008808136},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.08895400166511536},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.1111/j.0741-6261.2008.00018.x","doi":"https://doi.org/10.1111/j.0741-6261.2008.00018.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.0741-6261.2008.00018.x","pdf_url":null,"source":{"id":"https://openalex.org/S34139249","display_name":"The RAND Journal of Economics","issn_l":"0741-6261","issn":["0741-6261","1756-2171"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The RAND Journal of Economics","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.480642","doi":"https://doi.org/10.2139/ssrn.480642","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.480642","pdf_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=480642","source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:ste:nystbu:04-33","doi":null,"is_oa":false,"landing_page_url":"http://w4.stern.nyu.edu/economics/docs/workingpapers/2004/04-33Maggibattigali.pdf","pdf_url":"http://w4.stern.nyu.edu/economics/docs/workingpapers/2004/04-33Maggibattigali.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:igi:igierp:249","doi":null,"is_oa":false,"landing_page_url":"https://repec.unibocconi.it/igier/igi/wp/2003/249.pdf","pdf_url":"https://repec.unibocconi.it/igier/igi/wp/2003/249.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:http://hdl.handle.net/2451/26147","doi":null,"is_oa":false,"landing_page_url":"http://archive.nyu.edu/handle/2451/26147","pdf_url":null,"source":{"id":"https://openalex.org/S4377196662","display_name":"Faculty Digital Archive (New York University Florence)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4210123063","host_organization_name":"New York University Florence","host_organization_lineage":["https://openalex.org/I4210123063"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Working Paper"},{"id":"pmh:oai:RePEc:bla:randje:v:39:y:2008:i:2:p:352-377","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.0741-6261.2008.00018.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"pmh:oai:iris.unibocconi.it:11565/50266","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/11565/50266","pdf_url":null,"source":{"id":"https://openalex.org/S7407055170","display_name":"Archivio istituzionale della Ricerca - Bocconi","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.480642","doi":"https://doi.org/10.2139/ssrn.480642","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.480642","pdf_url":"https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=480642","source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3122869861.pdf","grobid_xml":"https://content.openalex.org/works/W3122869861.grobid-xml"},"referenced_works_count":30,"referenced_works":["https://openalex.org/W438432859","https://openalex.org/W1524369538","https://openalex.org/W1572713800","https://openalex.org/W1684540946","https://openalex.org/W1846708304","https://openalex.org/W1949462001","https://openalex.org/W1974058864","https://openalex.org/W1982241966","https://openalex.org/W1990651069","https://openalex.org/W1994524956","https://openalex.org/W1995473937","https://openalex.org/W1998941792","https://openalex.org/W2006540368","https://openalex.org/W2038810444","https://openalex.org/W2040865812","https://openalex.org/W2066957297","https://openalex.org/W2067183807","https://openalex.org/W2068499031","https://openalex.org/W2072264863","https://openalex.org/W2113456667","https://openalex.org/W2130473146","https://openalex.org/W2164370208","https://openalex.org/W2199340307","https://openalex.org/W2243769298","https://openalex.org/W2302409391","https://openalex.org/W2566856888","https://openalex.org/W2892262295","https://openalex.org/W4230672975","https://openalex.org/W4232169092","https://openalex.org/W4250731756"],"related_works":["https://openalex.org/W2367743469","https://openalex.org/W7096278752","https://openalex.org/W7065246030","https://openalex.org/W2142266213","https://openalex.org/W2590517691","https://openalex.org/W2849041586","https://openalex.org/W1871138835","https://openalex.org/W2581852353","https://openalex.org/W2161401558","https://openalex.org/W7113044092"],"abstract_inverted_index":{"We":[0,52],"examine":[1],"a":[2,32,43,104],"model":[3,96],"of":[4,41,50,64,75,107,112,116],"contracting":[5],"where":[6],"parties":[7],"interact":[8],"repeatedly":[9],"and":[10,29,38,58,83,86,92,102],"can":[11,26],"contract":[12,25,44],"at":[13,31],"any":[14],"point":[15],"in":[16],"time,":[17],"but":[18],"writing":[19,42,65],"enforceable":[20],"contracts":[21],"is":[22,45],"costly.":[23],"A":[24],"describe":[27],"contingencies":[28],"actions":[30],"more":[33],"or":[34],"less":[35],"detailed":[36],"level,":[37],"the":[39,48,72,79,88,110,113],"cost":[40],"proportional":[46],"to":[47],"amount":[49],"detail.":[51],"consider":[53],"both":[54,70],"formal":[55,76,91],"(externally":[56],"enforced)":[57],"informal":[59,93],"(self-enforcing)":[60],"contracts.":[61],"The":[62],"presence":[63],"costs":[66],"has":[67],"important":[68],"implications":[69,101],"for":[71,87],"optimal":[73,114],"structure":[74],"contracts,":[77,85],"particularly":[78],"trade-off":[80],"between":[81,90],"contingent":[82],"spot":[84],"interaction":[89],"contracting.":[94,117],"Our":[95],"sheds":[97],"light":[98],"on":[99],"these":[100],"generates":[103],"rich":[105],"set":[106],"predictions":[108],"about":[109],"determinants":[111],"mode":[115]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":4},{"year":2014,"cited_by_count":6},{"year":2013,"cited_by_count":4},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2021-02-01T00:00:00"}
