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1980s. In such a dynamic context, the contract may take place over several periods and develop repeated interactions. Then …, the principal topics of the analysis are commitment, reputation, memory and the renegotiation of the contract. Few papers … have tried to apply the predictions of dynamic contract theory to data. The examples of applications introduced in this …
Persistent link: https://www.econbiz.de/10008792681
High correlations between risks can increase required insurer capital and/orreduce the availability of insurance. For such insurance lines, securitizationis rapidly emerging as an alternative form of risk transfer. The ultimatesuccess of securitization in replacing or complementing traditional...
Persistent link: https://www.econbiz.de/10011400246
capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises … that firms govern their collaborations through a number of new contract mechanisms, the summation of which is a novel … complementary) explanation of how contract governs inter-firm networks, not by downplaying the importance of hold-ups or by …
Persistent link: https://www.econbiz.de/10012721209
Companies are increasingly choosing to procure their power from renewable energy sources, with their own set of potential challenges. In this paper we focus on contracts to procure electricity from renewable sources that are inherently unreliable (such as wind and solar). We determine the...
Persistent link: https://www.econbiz.de/10012063073
Herein I outline an alternative theory of contract and contract enforcement. This theory is based upon two claims, one … the traditional contextualist and the ascendant neoformalist approaches to contract enforcement undermine this new form of … contract, a new philosophy is needed. A hybrid approach, integrating both formalism and problem-solving judicial intervention …
Persistent link: https://www.econbiz.de/10014055299
interest in the coordination aspect of the contract scholarship. The aim of this conceptual paper is to model blockchain as a … can be further used to integrate coordination and contract scholarship. …
Persistent link: https://www.econbiz.de/10012214932
competition are satisfied in our data. -- contract violation ; wage arrears ; social custom ; strategic complementarity …
Persistent link: https://www.econbiz.de/10003427035
to the contract. The paper demonstrates theoretically the potential inconsistencies between such policies and suggest …
Persistent link: https://www.econbiz.de/10003989761
We investigate a sample of 180 technology licensing contracts closed by German chemical, pharmaceutical, and electrical engineering companies between 1880 and 1913. Our empirical results suggest that strategic behaviour seems to be relevant for the design of licensing contracts, whereas inventor...
Persistent link: https://www.econbiz.de/10009238629
contract that specifies only a fixed quantity and a fixed per-unit price can induce efficient investment if marginal cost is … risk of breaching, the first best becomes attainable with a simple price-quantity contract. …
Persistent link: https://www.econbiz.de/10010383019