Methods
Saturday, January 1, 2005

Michael Sykuta

U. of Missouri-Columbia

Michael Sykuta

The Econometrics of Contracts

Abstract

Empirical research on contracts and organization spans a variety of issues, including the boundary of the firm, the duration of contractual relations, the structure of organizations, and the structure of incentive systems. Sykuta (2005) reviews some of the econometric tools employed by researchers as they relate to many of the types of questions addressed in the literature. The article also discusses some of the theoretical, empirical, and data challenges faced by students of contracting and organization. 

This workshop will provide an overview of each of these issues, drawing from review articles of empirical research as well as specific examples of econometric analyses of contracts and contracting problems. In the process, participants will be encouraged to discuss innovative alternate measures and techniques to address lingering challenges in the literature.