ways in which they may be overcome. -- public-private partnerships ; social marginal cost pricing ; incentives ; contracts …

This article proposes a rule of contractual interpretation for regulatory contracts defined as contracts 1) used by a … outcome of the interpretation of regulatory contracts must not be inconsistent with the objectives of the regulatory framework … autonomy of private regulatory regimes created through contracts without sacrificing public policy objectives. Several examples …

that if PPP investments are counted as current government spending, the incentives to renegotiate contracts to increase … existing accounting standards allow governments to renegotiate PPP contracts and elude spending limits. Our model of … renegotiations in the early stages of the contract, e.g. during construction. We use data on Chilean renegotiations of PPP contracts …

While transaction cost economists have generally argued that hazardous exchange conditions warrant complex contracts or …. These scholars view relational governance as a substitute for complex, explicit contracts. Indeed, some have suggested that … contracts directly undermine the evolution of trust in exchanges. We advance and empirically test the alternative argument that …

One of the important features of Blockchain is that it allows the hosting and execution of contracts. Such a contract … entering into and abiding by Smart Contracts. Firstly, the concept of cryptocurrencies (also referred to as cryptocoins in this … explain how contracts vary between the two Blockchain formats. Finally, the paper concludes as to how smart contracts can be …

law of contracts. These divisions include freedom of contract (the extent of private power to create binding obligations …), formation of contracts (the procedural mechanics of exchange, and the rules that govern pre-contractual behavior), contract … legal arrangements and corresponding topics in microeconomic theory, such as welfare economics and the theory of contracts. …

contracts are also incentive compatible from the passenger’s point of view and, in combination with the incentive that airports …