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Contracts and Inequity aversion
Englmaier, Florian; Wambach, Achim - 2002
conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal …
Persistent link: https://www.econbiz.de/10011514018
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Active courts and menu contracts
Anderlini, Luca (contributor); Felli, Leonardo (contributor) - 2006
Persistent link: https://www.econbiz.de/10003456217
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Flexible life annuities
Direr, Alexis (contributor) - 2007
Persistent link: https://www.econbiz.de/10003620158
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Towards a theory of trade finance
Schmidt-Eisenlohr, Tim - 2011
Shipping goods internationally is risky and takes time. To allocate risk and to finance the time gap between production and sale, a range of payment contracts is utilized. I study the optimal choice between these payment contracts considering one shot transactions, repeated transactions and...
Persistent link: https://www.econbiz.de/10009011800
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Formal contracts, relational contracts, and the threat-point effect
Itō, Hideshi; Morita, Hodaka - 2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009240848
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Insurance and incentives in sharecropping
Braido, Luis H. B. - 2003
This essay surveys some recent empirical works about sharecropping. The basic theoretical trade-offs are discussed in the introduction. Section 1 discusses the empirical research on resource allocation. This section is divided in two subsections: one studying the effects of tenure stability on...
Persistent link: https://www.econbiz.de/10011404325
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Contract adjustment under uncertainty
Holden, Helge (contributor); Holden, Lars (contributor);  … - 2005
Consider a contract over trade in continuous time between two players, according to which one player makes a payment to the other, in exchange for an exogenous service. At each point in time, either player may unilaterally require an adjustment of the contract payment, involving adjustment costs...
Persistent link: https://www.econbiz.de/10002856667
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Reputations, relationships and the enforcement of incomplete contracts
MacLeod, William Bentley (contributor) - 2006
Persistent link: https://www.econbiz.de/10003364208
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Rules versus discretion in loan rate setting
Cerqueiro, Geraldo (contributor); Degryse, Hans (contributor) - 2007
Persistent link: https://www.econbiz.de/10003598838
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Business cycle effects of credit and technology shocks in a DSGE model with firm defaults
Pesaran, M. Hashem; Xu, TengTeng - 2011
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10009312180