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Pulp Friction : The Value of Quantity Contracts in Decentralized Markets
Darmouni, Olivier; Essig Aberg, Simon; Tolvanen, Juha - 2021
. We find that the median value of a quantity contract is 10% of net price. The median value would be 25% lower without …
Persistent link: https://www.econbiz.de/10013212967
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Matching with Multilateral Contracts
Rostek, Marzena J. - 2019
In many matching environments, agreements are multilateral and/or have externalities. We show that stability in these environments depends on agents' aggregate choice behavior. Two different conditions on aggregate choice ensure a stable outcome exists. One applies when contracts are...
Persistent link: https://www.econbiz.de/10012901602
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Take-It-or-Leave-It Contracts in Many-to-Many Matching Markets
Romero-Medina, Antonio - 2020
We study a class of sequential non-revelation mechanisms in which hospitals make simultaneous take-it-or-leave-it offers to doctors. We prove that all pure strategy subgame perfect equilibriumoutcomes are stable, but the inclusion of contracts shrinks the set of equilibrium outcomes. Our...
Persistent link: https://www.econbiz.de/10012854651
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Optimal contracts for discouraging deforestation with risk averse agents
Mason, Charles F. - 2018
There is an emerging consensus that carbon emissions must be limited. An attractive approach to promoting carbon reductions is to encourage reductions in deforestation. But any such strategy must confront a basic problem: agents that might be induced to reduce their actions which would reduce...
Persistent link: https://www.econbiz.de/10011855609
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Discrimination in Organizations : Optimal Contracts and Regulation
Shin, Wiroy - 2015
this environment, I study a direct mechanism and characterize an optimal contract. Additionally, I compare the allocation …
Persistent link: https://www.econbiz.de/10014035633
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Observable strategies, commitments, and contracts
Wärneryd, Karl Erik - 2014
We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent's rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit the...
Persistent link: https://www.econbiz.de/10010437999
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Matching with Complementary Contracts
Rostek, Marzena J. - 2020
In this paper, we show that stable outcomes exist in matching environments with complementarities, such as social media platforms or markets for patent licenses. Our results apply to both nontransferable and transferable utility settings, and allow for multilateral agreements and those with...
Persistent link: https://www.econbiz.de/10012851566
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Reference points, social norms, and fairness in contract renegotiations : conference paper
Bartling, Björn; Schmidt, Klaus M. - 2013
-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant … threatpoints. We compare situations in which an initial contract is renegotiated to strategically equivalent bargaining situations … in which no ex ante contract was written. The ex ante contract causes sellers to ask for markups that are 45 percent …
Persistent link: https://www.econbiz.de/10010342843
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Renegotiation of long‐term contracts as part of an implicit agreement
Kostadinov, Rumen - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1471-1512
contract renegotiation is a powerful tool for incentive provision, despite the stationarity of the environment. Continuation …
Persistent link: https://www.econbiz.de/10012806553
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Observable Strategies, Commitments, and Contracts
Warneryd, Karl - 2021
We consider rules (strategies, commitments, contracts, or computer programs) that make behavior contingent on an opponent’s rule. The set of perfectly observable rules is not well defined. Previous contributions avoid this problem by restricting the rules deemed admissible. We instead limit...
Persistent link: https://www.econbiz.de/10013315559