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Insurance contracts and securitization
Doherty, Neil A.; Schlesinger, Harris - 2001
High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of securitization in replacing or complementing traditional...
Persistent link: https://www.econbiz.de/10011400246
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Relational contracts and trust in a high-tech industry
Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2021
We study how informal buyer-supplier relationships in the German automotive industry affect procurement. Using unique data from a survey focusing on these, we show that more trust, the belief that the trading partner acts to maintain the mutual relationship, is associated with both higher...
Persistent link: https://www.econbiz.de/10012649766
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The optimal duration of contracts
Poutvaara, Panu; Takalo, Tuomas; Wagener, Andreas - 2017
. Agents decide on a contract-specific and non-verifiable investment. Incentive compatibility requires that initial contracts …
Persistent link: https://www.econbiz.de/10011780588
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Trust and contracts : empirical evidence
D'Acunto, Francesco; Xie, Jin; Yao, Jiaquan - 2020
Trust between parties should drive the negotiation and design of contract: if parties did not trust each others … over time, we find that lower trust increases contract completeness. Not only contract complexity but also the verifiable …
Persistent link: https://www.econbiz.de/10012318377
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Formal contracts, relational contracts, and the threat-point effect
Itō, Hideshi; Morita, Hodaka - 2011
each period. In contrast to previous findings, we demonstrate that writing a simple fixed-price contract based on product … values in which a higher investment can be implemented only if a formal fixed-price contract is written and combined with an … contract ; relational contract ; cooperative investment ; fixed-price contract ; relation-specific investment ; repeated …
Persistent link: https://www.econbiz.de/10009240848
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Observable strategies, commitments, and contracts
Wärneryd, Karl Erik - 2014
We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent's rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit the...
Persistent link: https://www.econbiz.de/10010437999
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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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Communicating subjective evaluations
Lang, Matthias - 2014
Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010361447
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Is marriage as good as a contract?
Cigno, Alessandro - 2013
Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect … enforceable contract. Separate-property marriage may reduce and community-property marriage actually eliminate inefficiency, but …
Persistent link: https://www.econbiz.de/10010227229
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Formal and informal risk sharing in LDCs : theory and empirical evidence
Dubois, Pierre (contributor); Jullien, Bruno (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003630524