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Supply contracting under dynamic asymmetric cost informationl

Di Corato, Luca; Moretto, Michele - 2024

We consider a long-term contractual relationship in which a buyer procures a fixed quantity of a product from a supplier and then sells it on the market. The production cost is private information and evolves randomly over time. The solution to this dynamic principal-agent problem involves a...

Persistent link: https://www.econbiz.de/10014478916

Incorporating fairness motives into the impulse balance equilibrium and quantal response equilibrium concepts : an application to 2x2 games

Tavoni, Alessandro - 2009

Substantial evidence has accumulated in recent empirical works on the limited ability of the Nash equilibrium to rationalize observed behavior in many classes of games played by experimental subjects. This realization has led to several attempts aimed at finding tractable equilibrium concepts...

Persistent link: https://www.econbiz.de/10008811006

What can facilitate cooperation : fairness, ineaulity aversion, punishment, norms or trust?

Brandt, Urs Steiner - 2008

Almost all economic and public choice models assume that all people are exclusively pursuing their own material self-interests and do not care about "social" goals per se. Several (laboratory) experiments address the question of the general validity of this assumption. A consistent conclusion...

Persistent link: https://www.econbiz.de/10003821574

Do employees always reciprocate homebased working with commitment? : the role of blurring boundaries, trust and fairness

Lott, Yvonne - 2021

Work organizations are increasingly under pressure to offer home-based working. However, there is inconsistent evidence on whether granting employees to work from home is a business case increasing their organizational commitment. Analysis of the representative German Linked Personnel Panel...

Persistent link: https://www.econbiz.de/10012627845

Incorporating conditional morality into economic decisions

Masclet, David; Dickinson, David L. - 2019

Persistent link: https://www.econbiz.de/10012212113

Contract law and contract theory : a survey and some considerations

Danau, Daniel - 2019

Persistent link: https://www.econbiz.de/10012098957

How do humans interact with algorithms? : experimental evidence from health insurance

Bundorf, M. Kate; Polyakova, Maria; Tai-Seale, Ming - 2019

Persistent link: https://www.econbiz.de/10012027067

Optimal afforestation contracts with asymmetric information on private environmental benefits

Anthon, Signe; Thorsen, Bo Jellesmark - 2004

We investigate the problem of subsidising afforestation when private information exists with respect to the level of private utility derived from the project. We develop a simple model that allows for an intelligent design of contracts when information is asymmetric. The model involves the...

Persistent link: https://www.econbiz.de/10011601121

Taking the lab to the field : experimental tests of alternative mechanisms to procure multiple contracts

Lunander, Anders; Nilsson, Jan-Eric - 2003

-price sequential and first-price combinatorial bidding. The design of the experiment is based on experiences from a public procurement … winning more than one contract, whereas other bidders have increasing average cost functions. The combinatorial bidding … mechanism is demonstrated to be most efficient. The second part of the paper describes how the lab experiment was followed up by …

Persistent link: https://www.econbiz.de/10011591112

Termination fees and contract design in public-private partnerships

Buso, Marco; Dosi, Cesare; Moretto, Michele - 2018

We study the effects of granting an exit option that enables the private party to early terminate a PPP project if it turns out to be loss-making. In a continuous time setting with hidden information about stochastic operating profits, we show that a revenue-maximizing government can optimally...

Persistent link: https://www.econbiz.de/10011925624

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