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Covenant-Light Contracts and Creditor Coordination

Becker, Bo - 2016

borrowers likely involve fewer monitoring tools and weaker control rights. We evaluate these explanations of cov-lite contract …

Persistent link: https://www.econbiz.de/10012995760

Valuing Reputation in Extralegal Contracting

Buchak, Gregory - 2016

Contracting outside the formal legal system is commonplace, be it among diamond dealers, whalers, or Maghribi traders. Parties' ex-ante willingness to enter into contracts depends crucially on whether the available extralegal consequences for breach are sufficiently severe. While economic and...

Persistent link: https://www.econbiz.de/10012981224

Covenant-Light Contracts and Creditor Coordination

Becker, Bo - 2017

borrowers likely involve fewer monitoring tools and weaker control rights. We evaluate these explanations of cov-lite contract …

Persistent link: https://www.econbiz.de/10012967375

The Cost of Gaming in Quota Contracts

Nanba, Toshihiko - 2019

Gaming is an important problem when firms use a nonlinear incentive contract. Previous empirical researches show that … is higher when the employee is more productive. Moreover, we compare a liner contract and a quota-based contract and show … that even when an employee can game the incentive system,a quota-based contract is more profitable than a linear contract …

Persistent link: https://www.econbiz.de/10012862276

Contracting in the Trust Game

Bracht, Juergen - 2010

We present a simple mechanism that can be implemented in a simple experiment. In a modified trust game, the allocator can offer to pay the investor to cooperate. The mechanism is successful at implementing efficient outcomes: participants manage to achieve an efficient outcome, when this is...

Persistent link: https://www.econbiz.de/10014193169

Climate Contracts : A Game of Emissions, Investments, Negotiations, and Renegotiations

Harstad, Bård - 2017

unique. If only the contribution levels are contractible, then investments are suboptimally small if the contract is short … term or close to its expiration date. To encourage investments, the optimal contract is more ambitious if it is short term … possible, such an incomplete contract implements the first-best. The framework helps to analyse emissions, investments, and …

Persistent link: https://www.econbiz.de/10014193646

A Theory of Threshold Contracts

Becker, Johannes Gerd; Gersbach, Hans - 2013

We consider an infinitely repeated reappointment game in a principal-agent relationship. Typical examples are voter-politician or government-public servant relationships. The agent chooses costly effort and enjoys being in office until he is deselected. The principal observes a noisy signal of...

Persistent link: https://www.econbiz.de/10014152779

Contract design in a supply chain with product recall and demand uncertainty

Xie, Xia; Dai, Bin; Du, Yuwen; Wang, Chen - In: IEEE transactions on engineering management : EM 70 (2023) 1, pp. 232-248

Persistent link: https://www.econbiz.de/10014231474

Supply Chain Contracting under Competition : Bilateral Bargaining vs. Stackelberg

Feng, Qi; Lu, Lauren Xiaoyuan - 2016

-it-or-leave-it contracts to the retailers, with that of a bargaining game, in which the firms bilaterally negotiate contract terms via a … Stackelberg or bargaining critically affects firms’ preferences over contract types and thus their equilibrium contract choices …

Persistent link: https://www.econbiz.de/10014039995

Manufacturer's contract choice and retailer’s returns management strategy

Li, Dan; Chen, Jing; Chen, Bintong; Liao, Yi - In: Transportation research / E : an international journal 165 (2022), pp. 1-17

Persistent link: https://www.econbiz.de/10013383687