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During negotiations, parties plan an exchange that will occur in the future and that implies a high level of … uncertainty, regarding both contract conditions and final outcome. In this phase, parties are requested, according to country … level of efficiency of the negotiations. We will focus mainly on two issues. First, the failure to disclose information as a …
Persistent link: https://www.econbiz.de/10011133587
agreements, as implemented in British Columbia since 1993. We show that the outcome of first-contract mediation is Pareto …This paper provides an economic foundation for non-binding mediation to stimulate first collective bargaining … profits under mediation coincide with the Owen values of the corresponding cooperative game with the coalitional structure …
Persistent link: https://www.econbiz.de/10011256091
agreements, as implemented in British Columbia since 1993. We show that the outcome of first-contract mediation is Pareto …This paper provides an economic foundation for non-binding mediation to stimulate first collective bargaining … profits under mediation coincide with the Owen values of the corresponding cooperative game with the coalitional structure …
Persistent link: https://www.econbiz.de/10010685860
's description of the contract law regime of intra-firm trade appears all too general. This paper addresses the question of how … contract enforcement in transnational corporations is institutionally organized on the basis of preliminary results of expert …
Persistent link: https://www.econbiz.de/10010904550
sicherstellen können. Der optimale Vertrag ist dabei auf die Fähigkeit der Gerichte zu konditionieren, Vertragsbruch oder …
Persistent link: https://www.econbiz.de/10010991215
Contract law and the economics of contract have, for the most part, developed independently of each other. In this … essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize … the economics literature on contract. The title, Contracts between Legal Persons, limits the review to that part of …
Persistent link: https://www.econbiz.de/10008765228
social ties and networks do not promote the type of high-trust relations that are central to traditional relational contract …
Persistent link: https://www.econbiz.de/10011120277
A common pattern of control in firms is for management to retain a broad set of rights, while the remaining stakeholders’ contracts provide them with targeted veto rights over specific classes of decisions. We explain this pattern of control sharing as an efficient organizational response that...
Persistent link: https://www.econbiz.de/10010616044
This paper explores the scope for synthesis between economic and systemic approaches to the understanding of legal evolution. The evolutionary and epistemic branches of game theory predict that stable norms will emerge when agents share common beliefs concerning future states of the world....
Persistent link: https://www.econbiz.de/10010548034
Judges become ambitious decision makers when they face appellate review. This paper applies a contract theoretic … implemented court accuracy and degrade the contract outcome. Our implications put into perspective the traditional function of … contract output. …
Persistent link: https://www.econbiz.de/10010991229