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Due diligence, research joint ventures, and incentives to innovate
Fabrizi, Simona; Lippert, Steffen - Volkswirtschaftliche Fakultät, … - 2011
The decision to cooperate within R&D joint ventures is often based on `expert advice.' Such advice typically originates in a due diligence process, which assesses the R&D joint venture's profitability, for example, by appraising the achievability of synergies. We show that if the experts who...
Persistent link: https://www.econbiz.de/10009295282
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Integration Contracts and Asset Complementarity: Theory and Evidence from US Data
Di Giannatale, Paolo; Passarelli, Francesco - Volkswirtschaftliche Fakultät, … - 2014
Firms sign an integration contract with the purpose of increasing their expected profits from trade and competition with third parties. Gains depend on how the contract improves the partners' production function (e.g. better synergies, organization, etc.), and how it increases their power in the...
Persistent link: https://www.econbiz.de/10011111066
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Budget Manipulation and Vertical Fiscal Imbalance
Meloni, Osvaldo - Volkswirtschaftliche Fakultät, … - 2011
Evidence of Political Budget Cycles from cross-countries studies has been rationalized as coming from voter’s cost to process available information and asymmetric information. This explanation was also adopted in most cross-province studies leaving aside variables related to the incentive...
Persistent link: https://www.econbiz.de/10011258486
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An Empirical Investigation of Interorganizational Opportunism and Contracting Mechanisms
Lumineau, Fabrice; Quelin, Bertrand - Volkswirtschaftliche Fakultät, … - 2012
authors specifically explore the relationships between the formal versus informal nature of opportunism and the formal versus … different types of opportunism – that is, strong form versus weak form opportunism – and different types of contracting … mechanisms, the different types of opportunism, and the level of legal fees necessary to deal with the dispute. From these …
Persistent link: https://www.econbiz.de/10011258800
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Lessons for Procurement and Contract Management Practice in the Public Sector: Evidence from a Quantitative Study
Watson, Glyn; Lonsdale, Chris; Peng, Fei; Sanderson, Joe - Volkswirtschaftliche Fakultät, … - 2012
effectiveness of certain procurement and contract management actions in moderating potential supplier opportunism. The article is … are not totally conclusive, but do provide evidence to suggest that opportunism is a significant possibility, and that …
Persistent link: https://www.econbiz.de/10011110808
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Schemat arbitrażowy Nasha, a podział zysków w bilateralnym monopolu kopalni węgla brunatnego i elektrowni. Cześć druga – zastosowania w negocjacjach strategicznych i taktycznych...
Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006
and group rationality in bilateral monopoly (BM) and the reduction of incentive to opportunism together with the increase … of lignite price. The opportunism due to asymmetry of information and possession of dominant strategy of mine …
Persistent link: https://www.econbiz.de/10005260247
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Influence of structure and ownership of lignite opencast mine and power plant bilateral monopoly on its operation
Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006
Lignite mine and power plant can operate as two separate entities, two entities in one holding or joint venture and as the one vertically integrated energy producer. Each of these solutions has the influence on operation of this tandem including realization of its individual and joint...
Persistent link: https://www.econbiz.de/10005621675
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The Transaction Cost Benefits of Electronic Patent Licensing Platforms: A Discussion at the Example of the PatentBooks Model
Ghafele, Roya; Gibert, Benjamin - Volkswirtschaftliche Fakultät, … - 2011
Current mechanisms to compensate inventors and improve legal access to their inventions remain ineffective. Manufacturers encounter significant transaction costs in the process of licensing the multitude of patent rights implicated in their products. High-technology product manufacturing...
Persistent link: https://www.econbiz.de/10009418505
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An inquiry into the explanatory virtues of transaction cost economics
Hardt, Lukasz - Volkswirtschaftliche Fakultät, … - 2011
The aim of this paper is twofold. First, we offer a methodological reflection on how the explanatory virtues of economic theories can be assessed in a systematic way. Second, we use that theoretical apparatus to study the explanatory virtues of Transaction Cost Economics (TCE, henceforth)....
Persistent link: https://www.econbiz.de/10011259431
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Use and Abuse of Authority
Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2012
Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...
Persistent link: https://www.econbiz.de/10011140971