Showing 1 - 10 of 1,710
: how do contracts, presumed to be susceptible to hold-up problems due to incompleteness, control production arrangements … that by their nature invite opportunism? Relying on publicly-available contracts taken from a number of industries, I argue …
Persistent link: https://www.econbiz.de/10012721209
This paper considers an agency model in which the principal is privately informed of her production technology. In our model, the principal can require the agent to adopt the principal’s technology for production, or alternatively, to adopt a technology in the market. Information about the...
Persistent link: https://www.econbiz.de/10014200218
. To support this first claim, evidence from collaborative contracts is presented. The second claim is that, because both …
Persistent link: https://www.econbiz.de/10014055299
If a seller delivers a good non-conforming to contract, European and US warranty law allows consumers to choose between some money transfer and termination. Termination rights are, however, widely criticized, mainly for fear that the buyer may use non-conformity as a pretext for getting rid of a...
Persistent link: https://www.econbiz.de/10010365843
Persistent link: https://www.econbiz.de/10014547075
Persistent link: https://www.econbiz.de/10014487137
. We assume that the principal uses both, formal contracts and informal agreements sustained by the value of future … relationships (relational contracts) as incentive device. It is found that the principal is less likely to delegate both tasks in a … dynamic setting than in a static one (where formal contracts are the only feasible incentive device), as handling one task …
Persistent link: https://www.econbiz.de/10010365874
with foreign suppliers under two contractual modes: rigid and flexible. If suppliers consider original contracts as … ; contracts as reference points ; haggling ; contractual rigidity vs. flexibility …
Persistent link: https://www.econbiz.de/10009686677
This paper studies costs and benefits of firm networks, and related industrial policies, with a focus on the "network contract" recently introduced in the Italian legislation. Incentives to networks creation could be useful to foster future mergers, but may prove ineffective as a substitute for...
Persistent link: https://www.econbiz.de/10013083988
When have market participants the incentive to strike contracts that exclude potential entrants? This paper synthesizes … the theory of exclusionary contracts and applies the theory to a recent antitrust case, Nielsen. We consider an incumbent … facing potential entry and contracting with both upstream suppliers and downstream buyers. Focusing first on contracts with …
Persistent link: https://www.econbiz.de/10013073339