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Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten … using existing results of contract theory. …
Persistent link: https://www.econbiz.de/10009401217
The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews … existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory …. The theory is based on minimization of opportunistic behaviour determined by the material structure of production (a …
Persistent link: https://www.econbiz.de/10010860817
Persistent link: https://www.econbiz.de/10005370740
Digital pathology represents one of the major evolutions in modern medicine. Pathological examinations constitute the gold standard in many medical protocols, and also play a critical and legal role in the diagnosis process. In the conventional cancer diagnosis, pathologists analyze biopsies to...
Persistent link: https://www.econbiz.de/10011098206
Nach dem Grundsatz «pacta sunt servanda» ermöglichen Verträge den Beteiligten das Vertrauen in den Bestand eines Leistungsversprechens. Die Zivilgerichte können jedoch in der Praxis pflichtgemäßes und vertragswidriges Verhalten nicht fehlerfrei unterscheiden. Unter Zuhilfenahme des...
Persistent link: https://www.econbiz.de/10010991215
We analyze the degree of contract completeness with respect to staging of venture capital investments using a hand-collected German data set of contract data from 464 rounds into 290 entrepreneurial firms. We distinguish three forms of staging (pure milestone financing, pure round financing and...
Persistent link: https://www.econbiz.de/10010986443
Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic perspective to the behavior of self-interested trial judges in a two-level court system and analyzes the consequences for contracting in “the shadow of” the court. Confronted with...
Persistent link: https://www.econbiz.de/10010991229
Holmstrom (Bell J Econ 13:324–340, <CitationRef CitationID="CR16">1982</CitationRef>) argues that a principal is required to restrain moral hazard in a team: wasting output in certain states is required to enforce efficient effort, and the principal is a commitment device for the waste. Under competition in commodity and team-formation...</citationref>
Persistent link: https://www.econbiz.de/10010993618
In a linear contracting environment the Fenchel transform provides a complete duality between the contract and the information rent. Through an appropriate generalised convexity this can be extended to provide a complete duality in the supermodular quasilinear contracting environment that covers...
Persistent link: https://www.econbiz.de/10010903382
Although the future socio-economic benefits of a new fibre-based ('next generation access', NGA) telecommunications infrastructure seem to be uncontroversial, a universal NGA coverage appears to be a rather unrealistic objective without government intervention. We contend, however, that the...
Persistent link: https://www.econbiz.de/10010957680