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Relational Contract Theory and Management Contracts : A Paradigm for the Application of the Theory of the Norms
Diathesopoulos, Michael D. - 2012
This paper examines management contracts as a paradigm for the application of relational contracts theory and especially of the theory of contractual and relational norms. This theory, deriving from Macauley's implications, but structured and analysed by I.R. MacNeil gives us a framework for the...
Persistent link: https://www.econbiz.de/10013116026
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Contracting with Opportunistic Partners : An Incomplete Contracts Approach
Casas-Arce, Pablo - 2016
After a contract is signed, contracting partners may engage in opportunistic behavior that circumvents the original … contract). We use an incomplete contracts approach to show that the anticipation and observability of such behavior are … conditions for the optimality of incomplete contracts, a simple characterization of the second-best contract, and some …
Persistent link: https://www.econbiz.de/10012985153
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The 2016 Nobel Memorial Prize in contract theory
Schmidt, Klaus M. - 2017
Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …
Persistent link: https://www.econbiz.de/10011626725
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Optimal contract design for outsourcing : saving time and money
Zhu, Xiaowei; Li, Huimin; Zheng, Dazhi - In: International journal of business and systems research 8 (2014) 3, pp. 278-294
Persistent link: https://www.econbiz.de/10011306166
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A process model of complementarity and substitution of contractual and relational governance in IS outsourcing
Huber, Thomas L.; Fischer, Thomas A.; Dibbern, Jens; … - In: Journal of management information systems : JMIS 30 (2013/14) 3, pp. 81-114
Persistent link: https://www.econbiz.de/10010358068
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Corporate governance myths : comments on Armstrong, Guay, and Weber
Brickley, James A.; Zimmerman, Jerold L. - 2010
This paper argues that academics, politicians, and the media have six commonly held but misguided beliefs about corporate governance. While Armstrong, Guay, and Weber (2010) discuss some of these misconceptions, a wider recognition that these beliefs are actually “myths” is important. They...
Persistent link: https://www.econbiz.de/10008695774
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Breaking up a research consortium
Niedermayer, Andras; Wu, Jianjun - 2013
contract is a (secondbest) optimal screening device for firm A to screen out free-riders. With the additional constraint of … incentive to renegotiate the contract ex post. We also propose empirical strategies for identifying the three likely causes of a …
Persistent link: https://www.econbiz.de/10010200195
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Organizational Design with Portable Skills
Picariello, Luca - 2020
Employees learn from performing their tasks, and in the process they accumulate potentially portable human capital. If companies cannot commit to specific task assignments, they may have an incentive to assign workers to tasks that reduce the cost of retaining them but do not maximize their...
Persistent link: https://www.econbiz.de/10012854754
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Rewards and punishments : informal contracting through social preferences
Chassang, Sylvain; Zehnder, Christian - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 1145-1179
This paper develops a positive model of informal contracting in which rewards and punishments are not determined by an ex ante optimal plan but instead express the ex post moral sentiments of the arbitrating party. We consider a subjective performance evaluation problem in which a principal can...
Persistent link: https://www.econbiz.de/10011671838
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Analysis of the market-based adjustable outsourcing contract under uncertainties
Feng, Baichun; Yao, Tao; Jiang, Bin - In: Production and operations management : an international … 22 (2013) 1, pp. 178-188
Persistent link: https://www.econbiz.de/10009721300