interest in the coordination aspect of the contract scholarship. The aim of this conceptual paper is to model blockchain as a … can be further used to integrate coordination and contract scholarship. …

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 …

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 …

experiment is a sender-receiver game framed as an investment game. It features two players: firstly, an advisor with complete … information (i.e., the sender) who is incentivized to lie about the true value of an optimal investment and, secondly, an investor …

Investment funds are highly connected with each other, but also with the broader financial system. In this paper, we … connections (overlapping asset portfolios) between investment funds, we develop a macroprudential stress test that also includes … direct connections (cross-holdings of fund shares). In our application for German investment funds, we find that these direct …

corporate net lending determinants. We disentangle the effects of the profit share on corporate saving and investment and …