there are rare references to professional training in mesopotamian sources mainly because this used to be done in the family, from father to son. nevertheless, there are some 35 apprenticeship contracts from the neo-babylonian period which open a unique window to the social, legal and economic aspects of professional training. the present article edits and translates 3 such apprenticeship contr...

This paper starts with the observation that in most individualistic sports (e.g. golf, tennis, boxing) rewards are highly dependent on performance, while in most team sports direct rewards are almost independent of performance. This paper takes the perspective of Contest (Tournament) Theory and considers the incentive properties of revenue sharing agreements which are performance independent an...

This article considers the consequence of incomplete contracts that arise due to difficulties in precisely describing potentially relevant contingencies. Unlike much of the literature, this article concludes that the resulting incompleteness could often be immaterial with respect to economic efficiency. Indeed, attempts to “improve” matters by increasing the accuracy with which the courts deter...

option contracts are one of the most important financial instruments which have been recently considered as a vehicle for management of risks and development of capital market. in iran, the importance of option contracts is increasingly recognized in the capital market. in this article the legal aspects of option contracts will be examined. for this purpose the views of islamic jurists and lawy...