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Contract theory in the spotlight : Oliver Hart and Bengt Holmström, 2016 Nobel Prize winners
Fleckinger, Pierre; Martimort, David - In: Revue d'économie politique 128 (2018) 4, pp. 493-533
Persistent link: https://www.econbiz.de/10011943020
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Contract design with socially-attentive preferences
Koch, Simon; Sarbu, Miruna; Weinschenk, Philipp - 2019
The standard agency model assumes that the agent does not care how his decisions influence others. This is a strong assumption, which we relax. We find that, although monetary incentives are effective also with sociallyattentive agents, the principal may optimally set none. This could explain...
Persistent link: https://www.econbiz.de/10012268393
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Borrower private information covenants and loan contract monitoring
Carrizosa, Richard; Ryan, Stephen G. - In: Journal of accounting & economics 64 (2017) 2/3, pp. 313-339
Persistent link: https://www.econbiz.de/10011783383
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Discussion of "borrower private information covenants and loan contract monitoring"
Nikolaev, Valeri V. - In: Journal of accounting & economics 64 (2017) 2/3, pp. 340-345
Persistent link: https://www.econbiz.de/10011783401
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Disruption costs in bus contract transitions
Hensher, David A.; Ho, Chinh; Mulley, Corinne - In: Research in transportation economics 59 (2016), pp. 75-85
Persistent link: https://www.econbiz.de/10011706735
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Optimal payment contracts in trade relationships
Fischer, Christian - 2020
relationship breakdown risks. When contract enforcement institutions are weak, the optimal within-relationship provision dynamics …
Persistent link: https://www.econbiz.de/10012425961
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How long-term contracts can mitigate inefficient renegotiation arising due to loss aversion
Göller, Daniel - 2020 - [Revidierte Fassung]
A loss-averse buyer and seller face an uncertain environment. Should they write a long-term contract or wait until the … the long-term contract constitutes the reference point to which the parties compare gains and losses induced by the … renegotiated transaction. Whereas Herweg and Schmidt consider that the long-term contract is always performed, it should not in …
Persistent link: https://www.econbiz.de/10012542436
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How long-term contracts can mitigate inefficient renegotiation arising due to loss aversion
Göller, Daniel - 2020 - [1. Fassung]
A loss averse buyer and seller face an uncertain environment. Should they write a long-term contract or wait until the … the long-term contract constitutes the reference points to which the parties compare gains and losses of the renegotiated … transaction. Whereas Herweg and Schmidt assume that the long-term contract is always performed, it is actually preferably that it …
Persistent link: https://www.econbiz.de/10012435543
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Vertical contracting with endogenous market structure
Pagnozzi, Marco; Piccolo, Salvatore; Reisinger, Markus - 2019
A manufacturer chooses the optimal retail market structure and bilaterally and secretly contracts with each (homogeneous) retailer. In a classic framework without asymmetric information, the manufacturer sells through a single exclusive retailer in order to eliminate the opportunism problem....
Persistent link: https://www.econbiz.de/10012317383
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Market size, productivity, entrepreneurship and income inequality in a model a'la Melitz
Pokrovsky, Dmitry; Kokovin, Sergej G.; Zhelobodko, Evgeny - 2013
) heterogeneous in their entrepreneurship abilities and choose between being employees or entrepreneurs. The sufficient conditions in …
Persistent link: https://www.econbiz.de/10011508379