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other relationships must have to be viable is thereby thrown out of kilter. The risk of becoming the victim of opportunism … opportunism, remains the principle underlying all of contract law and company law." Ce texte explore l'emploi de l …
Persistent link: https://www.econbiz.de/10009395941
reasonably well-developed economic literature. Reciprocal gain, the founding concept of contract and of extensions such as the … of contract law. Yet human nature being what it is, individuals may be tempted by opportunistic acts and their potential …
Persistent link: https://www.econbiz.de/10009395942
I examine the case where fulfillment of a contractual commitment is only imperfectly verifiable and ask whether the court should then "tell the truth"" regarding the action in dispute. I show that truth seeking does not maximize the expected surplus from contractual relationships. From the...
Persistent link: https://www.econbiz.de/10005100649
In this paper, we consider a knowledge accumulation problem within an organization. We depart from the human capital theory initiated by Becker (1962, 1964) and consider an organization that cannot prevent the worker from quitting and using the knowledge outside the organization. We study how...
Persistent link: https://www.econbiz.de/10011183768
This report defines a framework to evaluate and collect data on incidents and accidents occurring in hospitals and to create database at local and national level. Our goals are: 1) to provide a structure for thorough analysis within the hospitals that can be used with the already existing tools...
Persistent link: https://www.econbiz.de/10005079406
scale, both in terms of volume and visibility, requires a re-evaluation of standard risk management procedures. This report … provides managers with an invaluable risk-analysis grid specific to the food industry, which identifies the main risk factors … and undesirable outcomes associated with mega events. Once this is done, appropriate risk management strategies can be …
Persistent link: https://www.econbiz.de/10005079443
related to environmental risk factors, organizational risk factors and use of precautionary principle are discussed. Ce …
Persistent link: https://www.econbiz.de/10005838746
We elicit subjects' willingness to pay to reduce future risk. In our experiments, subjects are given a cash endowment … probability sessions, suggesting that this bias robustly persists in environments including both risk and future uncertainty, and …
Persistent link: https://www.econbiz.de/10004988529
In this report, we first develop a simplified example that illustrates the importance of considering the option ``waiting to invest'' when valuing an investment. This is followed by a short description of other options that could be embedded in an investment opportunity. In order to stress the...
Persistent link: https://www.econbiz.de/10005100465
The following project report is the first of a sequence which will focus on integrated risk management. This report … presents a conceptual model which goal is to define the concept of risk. This conceptual model integrates the definitions of … multiple domains having an interest in risk management. With the model, a terminology is proposed. This conceptual model is a …
Persistent link: https://www.econbiz.de/10005100486