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This chapter surveys major issues arising in the economic analysis of contract law. It begins with an introductory discussion of scope and methodology, and then addresses four main topics that correspond to the major doctrinal divisions of the law of contracts. These divisions include freedom of...
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Digital platforms have become an important part of the digital economy by facilitatingtransactions between large numbers of users and by fostering innovation on collaborativeplatforms. It is striking that platform-based services are dominated by a small number ofglobal players. Most of them are...
Persistent link: https://www.econbiz.de/10014422609
This paper analyzes royalty rates in franchise contracts, focusing on the two leading hypotheses. We consider whether royalty payments are simply the means for franchisors to acquire revenue from franchisees (revenue hypothesis), or are to preserve incentives for the franchisors to exert...
Persistent link: https://www.econbiz.de/10011077356
franchise its outlets. The analysis of a sample of Spanish franchise networks shows that franchising is more likely when: a) the …
Persistent link: https://www.econbiz.de/10005736189
This work demonstrates the very existence of economic rents in franchising using, for the first time, the franchisees …’ actual financial statements. This finding makes franchising more appealing for applicants and supports the hypothesis that …
Persistent link: https://www.econbiz.de/10011041712
This article provides an overview of the recent literature on franchising, with special attention to management control … issues. Based on an analysis of franchising articles published in twenty-five high-impact journals over the period 1996 … franchise, franchise performance and control of franchising relationships. Several research gaps and avenues for future research …
Persistent link: https://www.econbiz.de/10008684335
The literature on public procurement pays great attention to the rules underlying tendering procedures as well as on the specification of the type of contract to be awarded. Less attention has been paid to the incompleteness of the contract; this issue is relevant in the public work sector...
Persistent link: https://www.econbiz.de/10008629820
Many managers face the problem of employee assessment. Face to face meetings are the only source of basic information concerning employee activity and productivity. This unavoidable situation creates an opening for dishonest and misleading behavior whereby employees invest in 'manager relations'...
Persistent link: https://www.econbiz.de/10009213550
I analyze how ownership can be structured to minimize the haggling costs due to contractual incompleteness. I model haggling as a contest in which integration gives the integrating party a relative advantage over the integrated party. In a one-period model, this implies that the contest will...
Persistent link: https://www.econbiz.de/10008740453