Showing 61 - 70 of 50,815
We develop a model of gestational surrogacy, in which a childless couple faces heterogeneous prospective surrogates. High-type surrogates add more value but also have higher outside options. Surrogates can make specific investments for the overall well-being (care) of the unborn child. We show...
Persistent link: https://www.econbiz.de/10012733921
each period. In contrast to previous findings, we demonstrate that writing a simple fixed-price contract based on product … values in which a higher investment can be implemented only if a formal fixed-price contract is written and combined with an … contract ; relational contract ; cooperative investment ; fixed-price contract ; relation-specific investment ; repeated …
Persistent link: https://www.econbiz.de/10009240848
We develop a model of strategic contractual incompleteness that identifies conditions under which principals might omit even costlessly verifiable terms. We then use experiments to test comparative statics predictions of the model. While it is well known that verifiability imperfections can...
Persistent link: https://www.econbiz.de/10010457849
derive a situation in which equity transfer in the strategic alliance is a component of an optimal contract, in particular …, in which equity transfer in the strategic alliance is superior to the contract with the cash transfer only. I also …
Persistent link: https://www.econbiz.de/10013117049
each period. In contrast to previous findings, we demonstrate that writing a simple fixed-price contract based on product … values in which a higher investment can be implemented only if a formal fixed-price contract is written and combined with an …
Persistent link: https://www.econbiz.de/10013121866
client captures in an alliance contract. The bargaining power that the R&D firm attains from its prominent position in …, contributing to the literature on strategic alliances, bargaining, and contract design …
Persistent link: https://www.econbiz.de/10013007267
One of the important features of Blockchain is that it allows the hosting and execution of contracts. Such a contract … in the digital world is known as a Smart Contract. But the process and consequences of a contract vary radically from one …
Persistent link: https://www.econbiz.de/10014034569
compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model … contract theory ; long-term contracts ; breach of contract ; sports economics …
Persistent link: https://www.econbiz.de/10003777942
ante by higher wages when agreeing to a long-term contract. Using data from the German "Bundesliga", our model predictions … are broadly confirmed. -- Strategic contracting ; rent-seeking ; empirical contract theory ; long-term contracts ; breach … of contract …
Persistent link: https://www.econbiz.de/10008760467
compensated ex ante by a higher wage when agreeing to a long term contract. Using data from the German "Bundesliga", our model …
Persistent link: https://www.econbiz.de/10013324781