Showing 1 - 10 of 969
We study the economic consequences of opportunities for dishonesty in an environment where efficiency relevant behaviour is not contractible, but rather incentivized by informal agreements in an ongoing relationship. We document the repeated interaction between a principal and an agent who,...
Persistent link: https://www.econbiz.de/10010483887
In the early models of incomplete contract neither party used to invest in the subject matter of the contract; those … realize subsequent to a binding contract, a systematic analysis has been attempted to see - first, how the legal remedies can … role than that has been realized. Focus remains on the ex-ante design of the contract, which would serve as an implicit …
Persistent link: https://www.econbiz.de/10012723830
Persistent link: https://www.econbiz.de/10012309689
Persistent link: https://www.econbiz.de/10013371204
Persistent link: https://www.econbiz.de/10014286669
Persistent link: https://www.econbiz.de/10012703332
Persistent link: https://www.econbiz.de/10000683059
Persistent link: https://www.econbiz.de/10003713169
Persistent link: https://www.econbiz.de/10003323870
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 …
Persistent link: https://www.econbiz.de/10003798182