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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2$\begingroup$ 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"? $\endgroup$– The Almighty BobCommented Nov 19, 2014 at 13:50
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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.
answered Nov 19, 2014 at 14:21