Much of the franchising literature has been concerned with the incentive mechanisms used in franchise contracting. Two main categories of incentive mechanisms have been identified : residual claimancy rights and ongoing rents. In this article, we describe these two incentive mechanisms, and their use in franchise contracts. We then argue that these two types of mechanisms, though usually considered substitutes in that they are both meant to align franchisee and franchisor incentives, are in fact complementary because they are used to resolve different types of incentive issues. We explore also how specific terms found in franchise contracts support the incentive mechanisms described here. Finally we extend our analysis to non-franchised sys...
Le franchisage est un contrat qui est rarement équilibré. Il en est ainsi à cause d'une relation où ...
National audienceThis article confronts the agency argument for vertical restraints with French data...
National audienceContract Theories and Franchising Franchising is an excellent field of application ...
Much of the franchising literature has been concerned with the incentive mechanisms used in franchis...
Contract Theories and Franchising Franchising is an excellent field of application for contract theo...
Contract Theories and Franchising Franchising is an excellent field of application for contract theo...
We thank two referees and David Leibsohn for their comments, and our respective institutions for the...
Franchising, competition and incentives The paper reviews some of the recent contributions of incit...
Franchising, competition and incentives The paper reviews some of the recent contributions of incit...
National audienceThis article confronts the agency argument for vertical restraints with French data...
Le franchisage est un contrat qui est rarement équilibré. Il en est ainsi à cause d'une relation où ...
Contractual arrangements have been the subject of a substantial body of economic research. In parti...
The Reason for the Franchise in Transactions Business Services Abstract - The franchise, as hybrid f...
National audienceThis article confronts the agency argument for vertical restraints with French data...
National audienceThis article confronts the agency argument for vertical restraints with French data...
Le franchisage est un contrat qui est rarement équilibré. Il en est ainsi à cause d'une relation où ...
National audienceThis article confronts the agency argument for vertical restraints with French data...
National audienceContract Theories and Franchising Franchising is an excellent field of application ...
Much of the franchising literature has been concerned with the incentive mechanisms used in franchis...
Contract Theories and Franchising Franchising is an excellent field of application for contract theo...
Contract Theories and Franchising Franchising is an excellent field of application for contract theo...
We thank two referees and David Leibsohn for their comments, and our respective institutions for the...
Franchising, competition and incentives The paper reviews some of the recent contributions of incit...
Franchising, competition and incentives The paper reviews some of the recent contributions of incit...
National audienceThis article confronts the agency argument for vertical restraints with French data...
Le franchisage est un contrat qui est rarement équilibré. Il en est ainsi à cause d'une relation où ...
Contractual arrangements have been the subject of a substantial body of economic research. In parti...
The Reason for the Franchise in Transactions Business Services Abstract - The franchise, as hybrid f...
National audienceThis article confronts the agency argument for vertical restraints with French data...
National audienceThis article confronts the agency argument for vertical restraints with French data...
Le franchisage est un contrat qui est rarement équilibré. Il en est ainsi à cause d'une relation où ...
National audienceThis article confronts the agency argument for vertical restraints with French data...
National audienceContract Theories and Franchising Franchising is an excellent field of application ...