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This dissertation considers three topics in professional advising and forecasting. Chapter 1 examines a principal's optimal contracting with experts. In an environment where experts have heterogeneous private signal distributions and type dependent reservation utilities, we show that the...
Persistent link: https://www.econbiz.de/10009476989
This dissertation includes two essays on adverse selection and moral hazard problems in reinsurance markets. The first essay builds a competitive principal-agent model that considers adverse selection and moral hazard jointly, and characterizes graphically various forms of separating Nash...
Persistent link: https://www.econbiz.de/10009463429
Australia is an express factor in determining unconscionability in contract formation and performance. Certainty is essential to … to in making the contract. Discretion, if it is too wide, may no longer represent the true intentions of the parties, but … franchise contract synergistically reinforce these conditions. This paper tests that theory by evaluating balance of power and …
Persistent link: https://www.econbiz.de/10009441788
The doctrine of promissory fraud holds that a contractual promise implicitly represents an intent to perform. A promisor’s conditional intent to perform poses a problem for that doctrine. It is clear that some undisclosed conditions on the promisor’s intent should result in liability for...
Persistent link: https://www.econbiz.de/10009466419
state statutes that allowed mix approaches to contractual arrangements. A relational contract is advantageous because it … regional politics and avoid future disputes, municipality and county governments can choose a more legally binding contract by … using non-relational contract such as interlocal agreements, contracts or leases. Utilizing the data compiled by the Florida …
Persistent link: https://www.econbiz.de/10009431810