require long-term commitments. Landowners, however, can decide to prematurely terminate the contract when the opportunity cost … views non-enforcement of contract terms as a source of real-options, the paper offers the following contributions. First, it … play in avoiding such potential bias in contract allocation. …

. By exploiting the real-option approach, we examine how the inability to force sellers to meet the contract time … when the contract does not provide for any compensation for late-delivery. -- Public Procurement ; Fixed-Price Contracts …

. We consider a stylized repeated procurement framework in which a buyer awards a contract over time to two firms with …

This paper studies cross-border intellectual property rights (IPR) as a North-South contract using a Nash bargaining … effective in preventing contract violation up to a critical level of absorptive capacity. We relate this to the US Trade … from, continue to remain on the list. -- Intellectual Property Rights ; TRIPS ; Nash Bargaining ; Contract …