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I have started learning contract theory of late, and I find some of the assumptions and findings of the theory are too technical. Are there empirical studies that have validated concepts in contract theory? Or are there papers that talk about its relevance to practitioners (economists or operations managers)?

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closed as too broad by skv, EnergyNumbers, nicael, curiousdannii, King Shimkus Nov 19 at 22:50

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This question in imho in this form too broad to be answered. There many results in contract theory and many of them validated. And what do you mean by "too technical"? –  The Almighty Bob Nov 19 at 13:50

1 Answer 1

An excellent (if slightly old) survey on the empirics of contracts can be found in

Pierre-André Chiappori and Bernard Salanie (2003) "Testing Contract Theory: A Survey of Some Recent Work", in Advances in Economics and Econometrics, vol 1, M. Dewatripont, L. Hansen and S. Turnovsky eds, Cambridge University Press.

It is mostly non-technical. Bernard Salanie (literally) wrote the book on contract theory. An ungated pdf of the chapter is available here.

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