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contract for breach of contract by the seller.Avoidance (or ldquo;terminationrdquo;) of the contract is the most extreme … measure a party may take in response to a breach of contract. Avoidance excuses any future performance, except for contractual … transactions, avoidance of the contract may create extreme hardship and costs for both the defaulting and the aggrieved party. This …
Persistent link: https://www.econbiz.de/10012752243
. We consider a stylized repeated procurement framework in which a buyer awards a contract over time to two firms with …
Persistent link: https://www.econbiz.de/10012725083
of determining prices for a series of heterogeneous transactions. The theory is then used to analyze the structure of …
Persistent link: https://www.econbiz.de/10014224469
find that firms that both reside in countries with weak contract enforceability and operate in industries with a greater …
Persistent link: https://www.econbiz.de/10013115472
We study pricing by a monopoly platform that matches buyers and sellers in an environment with cross-market externalities. Said platform has no private information, does not set the commodity's price and can only charge trading parties for the transaction. Our innovation consists in introducing...
Persistent link: https://www.econbiz.de/10013115237
Here, we study vertical foreclosure in a dynamic setup with learning-by-doing production technologies. There is a downstream monopoly and an upstream duopoly, where manufacturers produce differentiated products and can gain proficiency through the accumulation of their production. We study the...
Persistent link: https://www.econbiz.de/10014636240
We set up a merger game between retailing stores to study the incentives of independent stores to form a big store when some consumers have preferences for one-stop shopping. Such one-stop shopping creates complementarity between products, leading in turn to lower prices after a big store is...
Persistent link: https://www.econbiz.de/10013033785
This paper examines intermediation in production networks to unpack the firm attributes and matching costs that govern firm-to-firm networks and the gains from trade. Exploiting rich customs data for Chile, we show that exporters of all sizes use intermediaries, mix trade modes across buyers,...
Persistent link: https://www.econbiz.de/10015326218
relationship is terminated, is determined by the contract terms. We characterize the properties of the optimal dynamic equilibria …
Persistent link: https://www.econbiz.de/10014118155
This paper characterizes the optimal contracts issued to suppliers when delivery is subject to disruptions and when they can invest to reduce such a risk. When investment is contractible dual sourcing is generally optimal because it reduces the risk of disruption. The manufacturer (buyer) either...
Persistent link: https://www.econbiz.de/10010188418