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, implemented at the end of a three-year cycle in which contracts are generally revised, was (a) the joint outcome of negotiations …
Persistent link: https://www.econbiz.de/10010877659
contracts and organisation. This trend has been driven by the fact that rising costs over many years have put profitability …
Persistent link: https://www.econbiz.de/10010948889
Motivated by tropical deforestation, we analyze (i) a novel theory of resource extraction, (ii) the optimal conservation contract, (iii) when the donor prefers contracting with central rather than local governments, and (iv) how the donor’s presence may induce institutional change....
Persistent link: https://www.econbiz.de/10011273091
Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...
Persistent link: https://www.econbiz.de/10010732344
his employer. This paper uses a principal-agent model to study optimal incentive contracts for envious workers under …
Persistent link: https://www.econbiz.de/10005765867
Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests...
Persistent link: https://www.econbiz.de/10005094414
within and across contracts. The elasticity of indexation is modelled as a latent variable, supporting consideration of both … variables and the sequence of contracts signed by a bargaining pair are needed. …
Persistent link: https://www.econbiz.de/10005094416
During the last two decades economists have made much progress in understanding incentives, contracts and organisations …
Persistent link: https://www.econbiz.de/10005051546
enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a …
Persistent link: https://www.econbiz.de/10005181354
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005405774