Showing 1 - 10 of 57,862
Persistent link: https://www.econbiz.de/10012183802
Persistent link: https://www.econbiz.de/10003700452
Persistent link: https://www.econbiz.de/10011403606
optimal contract duration. We study the trade-off between contracting costs due to repeated bilateral bargaining and the risk … of transaction cost economics, whereas the need for flexibility reduces contract duration. With increasing bilateral … trading experience between the same trading partners, contract duration decreases. We additionally observe that countries …
Persistent link: https://www.econbiz.de/10014203361
In many capital-intensive markets, sellers sign long-term contracts with buyers before committing to sunk cost investments. Ex-ante contracts mitigate the risk of under-investment arising from ex-post bargaining. However, contractual rigidities reduce the ability of firms to respond flexibly to...
Persistent link: https://www.econbiz.de/10015048743
Persistent link: https://www.econbiz.de/10011422069
Persistent link: https://www.econbiz.de/10011872961
Persistent link: https://www.econbiz.de/10009506315
Persistent link: https://www.econbiz.de/10010513803