Similar Search Results

Bar-Gill, Oren - 2018

Exit from contract is one of the most powerful consumer protection devices, freeing consumers from bad deals and …

Persistent link: https://www.econbiz.de/10012938559

Anderlini, Luca - 2008

We describe and analyze a contractual environment that allows a role for an active court. The model we analyze is the same as in Anderlini, Felli, and Postlewaite (2006). An active court can improve on the outcome that the parties would achieve without it. The institutional role of the court is...

Persistent link: https://www.econbiz.de/10012771142

Vertical Contracts and Entry

Milliou, Chrysovalantou - 2020

We study the implications of different contractual forms in a market with an incumbent upstream monopolist and free downstream entry. We show that traditional conclusions regarding the desirability of linear contracts radically change when entry in the downstream market is endogenous rather than...

Persistent link: https://www.econbiz.de/10012824081

Contract Design by Service Providers with Private Effort

Zhang, Hao - 2017

We investigate the performance of two commonly used pricing schemes -- hourly-rate contract and two-part tariff -- in … visible to the buyer. In the private effort environment, we further distinguish between situations where the contract may be … off by contracting on outcome. Under the hourly-rate contract, compared with the public effort case, the provider may be …

Persistent link: https://www.econbiz.de/10012973554

Covenant Violations and Dynamic Loan Contracting

Freudenberg, Felix - 2017

in the syndicated loan market. We show that a covenant violation in the prior loan contract provides a signal to … creditors which results in stricter contract terms for the subsequent new loan. This signal is neither related to unobservable … violations in the prior contract, new loans have on average 18bps higher spreads and include more of those covenant types which …

Persistent link: https://www.econbiz.de/10012975614

Matching with Complementary Contracts

Rostek, Marzena J. - 2020

In this paper, we show that stable outcomes exist in matching environments with complementarities, such as social media platforms or markets for patent licenses. Our results apply to both nontransferable and transferable utility settings, and allow for multilateral agreements and those with...

Persistent link: https://www.econbiz.de/10012851566

Contracts as Organizations

King, Brayden - 2015

Empirical studies of contracts have become more common over the past decade, but the range of questions addressed by these studies is narrow, inspired primarily by economic theories that focus on the role of contracts in mitigating ex post opportunism. We contend that these economic theories do...

Persistent link: https://www.econbiz.de/10012707890

Active Courts and Menu Contracts

Anderlini, Luca - 2014

Persistent link: https://www.econbiz.de/10012709618

Relational contracts and trust in a high-tech industry

Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2021

We study how informal buyer-supplier relationships in the German automotive industry affect procurement. Using unique data from a survey focusing on these, we show that more trust, the belief that the trading partner acts to maintain the mutual relationship, is associated with both higher...

Persistent link: https://www.econbiz.de/10012649766

Opportunism in Vertical Contracting : A Dynamic Perspective

Do, Jihwan; Miklós-Thal, Jeanine - 2021

This paper proposes a dynamic approach to modeling opportunism in bilateral vertical contracting between an upstream monopolist and competing downstream firms. Unlike previous literature on opportunism which has focused on games in which the upstream firm makes simultaneous secret offers to the...

Persistent link: https://www.econbiz.de/10013250915