This dissertation studies the role of market friction in overcoming moral hazard in market settings without information flows. It consists of four chapters. The first chapter introduces the general topic. The second chapter studies optimal wage contracts for motivating workers. It compares three...

This dissertation contains two essays on how contracting affects behavior and welfare of firms when information about some key variables is imperfect. The first essay deals with contractual solutions to the holdup problem when a party's relationship-specific investment can be subsidized by the...

Forecasting network data traffic is an important part of the function of planning and managing information systems. However, the contents of network data are so stochastic and complex that it is very difficult to establish stable functions to describe the mapping relationship between data flows...

Purpose – The primary aim of this paper is to examine whether boards of directors with independent members function as effective corporate governance mechanisms in Chinese State-Owned Enterprises (SOEs), by analysing four characteristics of non-executive directors (NEDs) that impact on their...