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Security Bid Auctions for Agency Contracts
Jun, Byoung - 2017
A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by …
Persistent link: https://www.econbiz.de/10012973808
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Security bid auctions for agency contracts
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2012
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of …
Persistent link: https://www.econbiz.de/10009571056
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Security bid auctions for agency contracts
Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2013
A principal uses security bid auctions to award an incentive contract to one among several agents in the presence of … call a fixed wage contract, tends to outperform all other auctions, although it is not an optimal mechanism. However, by …
Persistent link: https://www.econbiz.de/10010227234
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Optimal procurement mechanisms : bidding on price and damages for breach
Chillemi, Ottorino; Mezzetti, Claudio - In: Economic theory : official journal of the Society for … 55 (2014) 2, pp. 335-355
Persistent link: https://www.econbiz.de/10010250100
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Choosing the sharing rate for incentive contracts
Goel, Rajeev K. - In: The American economist : journal of Omnicron Delta … 39 (1995) 2, pp. 68-72
Persistent link: https://www.econbiz.de/10001202373
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Bidding for incentive contracts
Julien, Benoît; Roger, Guillaume - In: Journal of mathematical economics 79 (2018), pp. 95-105
Persistent link: https://www.econbiz.de/10012105615
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Bundling incentives in (many-to-many) matching with contracts
Ma, Jonathan; Kominers, Scott Duke - 2018
In many-to-many matching with contracts, the way in which contracts are specified can affect the set of stable equilibrium outcomes. Consequently, agents may be incentivized to modify the set of contracts upfront. We consider one simple way in which agents may do so: unilateral bundling, in...
Persistent link: https://www.econbiz.de/10012013224
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Flexible-Term Contracts for Road Franchising
Nombela, Gustavo; de Rus, Gines - 2005
concession contract, which allows a private firm to charge tolls to road users during a pre-determined period in order to recover … to the government, or minimum term to hold the contract. This paper discusses, in the context of road franchising, how … this mechanism does not generally yield optimal outcomes and it induces the frequent contract renegotiations observed in …
Persistent link: https://www.econbiz.de/10014067290
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Should you allow your agent to become your competitor? : on non-compete agreements in employment contracts
Kräkel, Matthias; Sliwka, Dirk - 2006
employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave …
Persistent link: https://www.econbiz.de/10010371071
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Can Open Contracts Be Profitable?
Fernandez, Jose M. - 2012
This paper provides a theoretical framework in support of recent empirical findings where the use of open contracts in the form of pay-what-you-like pricing have been found to be viable compared to a fixed price. Our analysis shows that, in spite of the option to free ride, not all consumers...
Persistent link: https://www.econbiz.de/10013103412