The Author: Alexander Stremitzer, born in 1974. From 1994 to 2000 education in Business Administration, Law and Philosophy in Vienna and Paris. Experience in Consulting and Legislative Lobbying. Ph.D. 2003, currently Assistant Professor at the University of Bonn, Economics Department.

• Contents: Classic Risk-Incentive Trade-off – Risk Sharing – Error in Judgement – Bankruptcy Constraints – Transaction Costs – Distortion – Bonding – Dynamic Extensions – Income Smoothing – Reputation Effects – Career Concerns – Epistemological Issues – Sceptical Tradition – Value of Axiomatic Approaches – Methodological Individualism – Methodology of Contract Theory – Checklist for Drafting Contracts – Programmatic Outlook.

The Author: Alexander Stremitzer, born in 1974. From 1994 to 2000 education in Business Administration, Law and Philosophy in Vienna and Paris. Experience in Consulting and Legislative Lobbying. Ph.D. 2003, currently Assistant Professor at the University of Bonn, Economics Department.

• Contents: Classic Risk-Incentive Trade-off – Risk Sharing – Error in Judgement – Bankruptcy Constraints – Transaction Costs – Distortion – Bonding – Dynamic Extensions – Income Smoothing – Reputation Effects – Career Concerns – Epistemological Issues – Sceptical Tradition – Value of Axiomatic Approaches – Methodological Individualism – Methodology of Contract Theory – Checklist for Drafting Contracts – Programmatic Outlook.

The Author: Alexander Stremitzer, born in 1974. From 1994 to 2000 education in Business Administration, Law and Philosophy in Vienna and Paris. Experience in Consulting and Legislative Lobbying. Ph.D. 2003, currently Assistant Professor at the University of Bonn, Economics Department.

• Contents: Classic Risk-Incentive Trade-off – Risk Sharing – Error in Judgement – Bankruptcy Constraints – Transaction Costs – Distortion – Bonding – Dynamic Extensions – Income Smoothing – Reputation Effects – Career Concerns – Epistemological Issues – Sceptical Tradition – Value of Axiomatic Approaches – Methodological Individualism – Methodology of Contract Theory – Checklist for Drafting Contracts – Programmatic Outlook.