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Relational contract theory and management contracts: A paradigm for the application of the Theory of the Norms

Diathesopoulos, Michael - Volkswirtschaftliche Fakultät, … - 2010

This paper examines management contracts as a paradigm for the application of relational contracts theory and especially of the theory of contractual and relational norms. This theory, deriving from Macauley's implications, but structured and analysed by I.R. MacNeil gives us a framework for the...

Persistent link: https://www.econbiz.de/10008599121

Implicit contracts, incentive compatibility, and involuntary unemployment : thirty years on

MacLeod, William Bentley; Malcomson, James M. - 2023

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...

Persistent link: https://www.econbiz.de/10013500553

Relational Incentive Contracts

Malcomson, James - Department of Economics, Oxford University - 2010

This chapter reviews the literature on the theory of relational incentive contracts. It motivates the discussion by the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese automobile manufacturers and their subcontractors. It...

Persistent link: https://www.econbiz.de/10008671389

Public Procurement and Non-contractible Quality: Evidence from Elderly Care

Bergman, Mats A.; Lundberg, Sofia; Spagnolo, Giancarlo - Institutionen för Nationalekonomi, Umeå Universitet - 2012

Many quality dimensions are hard to contract upon and are at risk of degradation when the service is procured rather … than produced in-house. On the other hand, procurement may foster performance-improving innovation. We assemble a large …-contractible quality, and indicators of subjectively perceived quality of service. We estimate the effects of municipalities’ decision to …

Persistent link: https://www.econbiz.de/10010568861

Procuring Innovation

Cabral, Luís M B; Cozzi, Guido; Denicolò, Vincenzo; … - C.E.P.R. Discussion Papers - 2006

, including ideas and research, from their strategic suppliers. A careful design of procurement policy is crucial to make … potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … consider a menu of procurement methods and policies for best procuring new knowledge and innovative products, discussing their …

Persistent link: https://www.econbiz.de/10005791875

Investments in physical capital, relationship-specificity, and the property rights approach

Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013

We reconsider the property rights approach to the theory of the firm based on incomplete contracts. We explore the implications of different degrees of relationship-specificity when there are two parties, A and B, who can make investments in physical capital (instead of human capital). If...

Persistent link: https://www.econbiz.de/10011112525

Firm growth: empirical analysis

Coad, Alexander; Hölzl, Werner - Max-Planck-Gesellschaft zur Förderung der Wissenschaften - 2010

Recent research has led to the empirical regularity that rm growth rate distributionsare heavy tailed. This nding implies that a few rms experience spectaculargrowth rates and decline, but that most rms have marginal growth rates. The literatureon high growth rms shows that high growth rms are...

Persistent link: https://www.econbiz.de/10009022146

Strategic Positioning in Agribusiness: Analysis and Options

Gray, Allan; Boehlje, Michael; Akridge, Jay - Department of Agricultural Economics, Purdue University - 2004

The planning process presented in the paper outlines several methods of analysis that farm business managers can use to choose among three business position options. The five forces model is an effective tool for scanning the external business environment and assessing a business’s internal...

Persistent link: https://www.econbiz.de/10005771587

Aligning Balanced Scorecard to Collaborative Management in Consumer Goods Supply Chain.

POPA, Virgil; BADEA, Leonardo; BARNA, Madalina - In: Romanian Distribution Committee Magazine 2 (2011) 2, pp. 33-47

Organizational performance is those step and state of the whole organization in which, as a result of congruent decisions and actions, are reached those targets and elements of strategic vision which satisfy all interested parts. To consumer good manufactures, satisfying the needs of new world...

Persistent link: https://www.econbiz.de/10010747896

The dynamics of the vertical relations in the aeronautics: An analysis of the subcontracting relationships of Airbus (In French)

KECHIDI, Med - Groupement de Recherches Économiques et Sociales (GRES) - 2006

The plane production constraints, and more particularly an international multisite constraints, raise a strong question of productive and cognitive coordination of a complex technical product. This question treates the coordination, the design and the realization of the subsets and the...

Persistent link: https://www.econbiz.de/10005395055