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

incomplete contract theory. We use the framework of Aghionand Tirole (1997) and define the managerial control structure as …

its valuation. A simple exit option contract, which allows the buyer to refuse trade, achieves the firstbest in the … asymmetric information are combined, exit options induce inefficient pooling and lead to a particularly simple contract …

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

each period. In contrast to previous findings, we demonstrate that writing a simple fixed-price contract based on product … values in which a higher investment can be implemented only if a formal fixed-price contract is written and combined with an …

Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten … using existing results of contract theory. …

The present paper is a first attempt to develop a theoretical model using a short-term vis-à-vis long-term contract … model presented in this paper, donor countries balance these two contract schemes to determine the endorsement or rejection … empirical analysis shows the payoffs and relative advantages of these two contract schemes. …