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(Australian Alliancing Contract) findet die terminliche Komponente Eingang in die gemeinsamen Entscheidungen des Projekt-Teams bei … of a building usually takes several years. At the time of signing the contract, it is often not yet clear what exactly … securing claims, rather than seeking solutions. By looking across national borders at other successful contract models, this …
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to the contract. The paper demonstrates theoretically the potential inconsistencies between such policies and suggest …
Persistent link: https://www.econbiz.de/10010285854
method. We show that the rationality of the policyholders has a significant effect on average contract value and hence on the … fair contract design. We also present the separating boundary between purely exogenous surrender and endogenous surrender …
Persistent link: https://www.econbiz.de/10010293371
The current study integrates the repeated game approach to implicit contracts and the analysis of explicit bonus rules based on subjective performance evaluation to determine the optimal structure of the compensation scheme for the average white- collar employee. In contrast to previous...
Persistent link: https://www.econbiz.de/10010296871
'absence of contract parity'. It is argued under which circumstances the absence of contract parity calls for regulative action …
Persistent link: https://www.econbiz.de/10010296894
Mutually beneficial agreements might fail if the parties fear contractual opportunism. Litigation is supposed to be a remedy, but gives scope for another kind of opportunistic behavior which we call litigational opportunism: Even knowing that the opponent has fulfilled his obligations, a party...
Persistent link: https://www.econbiz.de/10010296902
Venture capital markets are characterized by multiple incentive problems and asymmetric information in an uncertain environment. All kinds of agency problems are present: moral hazard, adverse selection, hold-up problems, window dressing, etc. Entrepreneurs and venture capitalists enter into...
Persistent link: https://www.econbiz.de/10010297726
explore the effects of venture capital supply on contract design. Gompers and Lerner (1996) show that VC-funds in the US are …
Persistent link: https://www.econbiz.de/10010298250
given period, after having observed her income, the agent can walk away from the contract, while the intermediary cannot, i … can be provided because in an equilibrium contract an up-front payment e.ectively locks in the agent with an intermediary …. We then show that our contract economy is equivalent to a consumption-savings economy with one-period Arrow securities …
Persistent link: https://www.econbiz.de/10010298298