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The Effects of Competition Based Public Policy on Contractual Arrangements

Malatesta, Deanna; Smith, Craig R. - 2012

There is widespread agreement on the value of competition in the delivery of public goods and services. In some markets competition is naturally limited and thus various mechanisms have been utilized to bolster competition, including franchise bidding and auctions. In this article, we examine...

Persistent link: https://www.econbiz.de/10014182624

Option Contracts and Renegotiation in Complex Environments

Rasmusen, Eric Bennett; Lyon, Thomas P. - 2006

threatening to take an inefficient action which hurts both of them. Without this assumption, a simple buyer option contract can …

Persistent link: https://www.econbiz.de/10014135183

Network Prominence, Bargaining Power, and the Allocation of Value Capture Rights in Alliance Contracts

Ozmel, Umit - 2016

client captures in an alliance contract. The bargaining power that the R&D firm attains from its prominent position in …, contributing to the literature on strategic alliances, bargaining, and contract design …

Persistent link: https://www.econbiz.de/10013007267

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

Intellectual Property Rights and Contract Structure

Khanna, Tarun; Anand, Bharat N. - 2000

Property rights over knowledge and its output--intellectual property rights--are often weak. We treat the strength of property rights as a primitive of the environment. We examine the effects of the strengths of these rights on the structure of contracts and relationships employed by firms in...

Persistent link: https://www.econbiz.de/10014029801

General Content of Management Contracts

Diathesopoulos, Michael D. - 2010

This paper presents management contracts (contracts under which corporate management is assigned to another company) as relational contracts, i.e. contracts to which relational contracts theory may apply and explain their character and specific features.We present the key concept and benefits...

Persistent link: https://www.econbiz.de/10013142190

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

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

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

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