Contracting in the Shadow of the Law

Surajeet Chakravarty, W. Bentley MacLeod

NBER Working Paper No. 13960
Issued in April 2008

---- Acknowledgements -----

We would like to thank the anonymous referees, Duncan Alford, Mark Armstrong, Yeon-Koo Che, Janet Currie, Victor Goldberg, Sergei Guriev, Ben Hermalin, George Lefcoe, Giovanni Maggi, Katharina Pistor, Jennifer Reinganum, Robert Scott, Eric Talley, Jean Tirole, and especially Lewis Kornhauser for helpful discussions and comments. We also thank seminar participants at the NBER, Columbia Law School, Penn Law School, Duke, Princeton, Johns Hopkins, Stanford and Queen’s University for their helpful comments. Candice Jackson, Alexey Ravichev, Dan Carvell, Uliana Logina and Yinghua He provided able research assistance for this project. Finally, we are grateful to the Center for Law, Economics and Organization and the Lusk Center, both at USC, and the Industrial Relations Section at Princeton University for their support of this research. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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