This piece is based on the Education, Research and Foresight working paper #31: “Advancing a Paradigm of Relational Interconnectedness: Reflections on UNESCO’s call for a “new social contract for ...

How to build better long-term strategic partnerships by David Frydlinger, Oliver Hart and Kate Vitasek When Dell originally selected FedEx, in 2005, to handle all aspects of its hardware ...

Citations: Morjaria, Ameet, Rocco Macchiavello. 2023. Relational Contracts: Recent Empirical Advancements and Open Questions. journal of institutional and theoretical economics. (3-4)673-700.

We tend to think that relationships between management and employees in an organization are based on formal contracts and the underlying laws and regulations thereof. However, it is wrong to see ...

Two professors and economists—Oliver Hart and Bengt Holmström—received the Nobel Prize in Economic Sciences Monday for their insights into modern contract theory, specifically how businesses and ...