In many capital-intensive markets, sellers sign long-term contracts with buyers before committing to sunk cost … investments. Ex-ante contracts mitigate the risk of under-investment arising from ex-post bargaining. However, contractual … trade-off, focusing on the liquefied natural gas (LNG) industry, where long-term contracts account for over 70% of trade. I …

the forces driving the move from spot markets to contracts. Some worry that this tendency will result in the disappearance …

the forces driving the move from spot markets to contracts. Some worry that this tendency will result in the disappearance …

Tournaments are commonly used in the workplace to determine promotion, assign bonuses, and motivate personal … development. Tournament-based contracts can be very effective in eliciting high effort, often outperforming other compensation … contracts, but they can also have negative consequences for both managers and workers. The benefits and disadvantages of …

Tournaments are commonly used in the workplace to determine promotion, assign bonuses, and motivate personal … development. Tournament-based contracts can be very effective in eliciting high effort, often outperforming other compensation … contracts, but they can also have negative consequences for both managers and workers. The benefits and disadvantages of …

the emergence of marketing contracts between farmers and peanut buyers (mainly peanut shellers). Two types of contracts … the main role of the contracts is to replace the marketing structure existing prior the 2002 Farm Act, where peanut …The elimination of the marketing quota system that regulated the peanut market since the 1930s has been accompanied by …