Law & Economics

Contract and Private Ordering

Intermediate

Relational Contracts

Long-term or repeat-dealing contracts whose performance depends partly on trust, reputation, adaptation, and informal governance rather than complete written terms.

Why It Matters

Relational contracting helps explain why firms, repeat players, financial intermediaries, and business networks often rely on norms and renegotiation alongside formal legal enforcement.

Selected Literature

A short list of directly relevant archive entries.