seriously engage to approximate the legislation with well known international standards by applying international contract … internationally recognised. Alternative possibilities of entrance in trade, guaranteed by contract law of every country and which …

contract approach, it is shown that partial privatization may well be the optimal ownership structure. While in the standard … incomplete contract model joint ownership is usually dominated, it is shown here that joint ownership in the form of partial …

different contracting out procedures: the concession contract and the availability contract. The main difference between these … public demands. This is due to the fact that under a concession contract consumers are empowered, i.e. have the possibility …

This article analyzes a much debated clause in the 1996 coalition contract between SPD and F.D.P. in Rheinland …-Pfalz. Two parties write a contract, based on which decisions under incomplete information have to be made at a later point in … time. It is shown that a complex complete contract can achieve the first best outcome. However, a simple incomplete …

. Incomplete contract theory (ICT) has become a rigorous and widely used approach in dealing with various issues. It's applications …

complexity costs are explicitly taken into account, the contracting parties optimally choose an incomplete contract which …

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …