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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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Cooperation and Mistrust in Relational Contracts
Herz, Holger - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10012981595
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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
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Cooperation and Mistrust in Relational Contracts
Herz, Holger - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10012984557
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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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Trust and Formal Contracts in Interorganizational Relationships - Substitutes and Complements
Madhok, Anoop; Mellewigt, Thomas; Weibel, Antoinette - 2007
We hypothesize that trust is a moderator of the direct relationship between control and coordination concerns and the extent of contracting. Our results suggest that high trust weakens the positive relationship between control concerns and the extent of contracting, but reinforces the positive...
Persistent link: https://www.econbiz.de/10014028759
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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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Strategy from the perspective of contract manufacturers
Szalkai, Zsuzsanna; Magyar, Mária - In: The IMP journal 11 (2017) 1, pp. 150-172
Persistent link: https://www.econbiz.de/10011895890
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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