winning more than one contract, whereas other bidders have increasing average cost functions. The combinatorial bidding …

(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 …

as well as theory have shown that they can attract skewed/unbalanced bids, i.e. bids where the price structure is …

contrast to many other incomplete-contract papers, in our Niskanen setting it is meaningless to write one and only one contract …

incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or …

Consider a contract between two players, describing the payment an agent obtains from the principal, in exchange for a … good or service supplied. At each point in time, either player may unilaterally demand a renegotiation of the contract …, involving renegotiation costs for both players. Players’ payoffs from trade under the contract, as well as from a renegotiated …

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 …