The thesis studies the potential of incentive contracts for politicians using game-theoretic methods. Supplementing the election mechanism with these contracts is a new idea to make politicians more accountable. Two types of incentive contracts are considered: a) monetary incentive contracts...

Bauverträge sind besondere Verträge und stellen damit hohe Anforderungen an die Vertragspartner. Die Errichtung des Bauwerks erfordert zumeist mehrere Jahre. Gerade zum Vertragsschluss steht oftmals nicht ganz genau fest, wie das fertige Objekt aussehen wird. Folglich sind Änderungen meist...

The paper discusses the role of various constituencies in the corporate governance of a corporation from the perspective of incomplete contracts. A strict shareholder value orientation in the sense of a rule that at any time firm decisions should be made strictly in the interest of the present...

This paper investigates four common features (covenants) of venture capital investment contracts from a real option perspective, using both analytical solutions and numerical analysis to draw inferences for a better understanding of contract features.

The Treaty of Accession consists of several parts. The overarching document is the short Treaty concerning the accession of the Republic of Bulgaria and Romania to the European Union. Attached to the Treaty is the Act of Accession and its Annexes. This act enters into force only in the event...

This EEA report constitutes the main part of the European Community's submission of its initial report to the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC). The report establishes the assigned amount for the European Community (EU-15), and demonstrates its...

This EEA report constitutes the main part of the European Community's submission of its initial report to the secretariat of the United Nations Framework Convention on Climate Change (UNFCCC). The report establishes the assigned amount for the European Community (EU-15), and demonstrates its...

The depletion of the ozone layer by man-made chemicals was discovered in the mid-1970s. It was once described by the Nobel prize-winning scientist Paul Crutzen as u0093the worst disaster to hit the global environmentu0094. The international response embodied in the Montreal Protocol has been...

The Practice Guide intends to give an overview of the relevant current legal provisions (including case law) on matters of private international law and posting in the area of employment contracts to assist practitioners . This Guide is not intended to be legally authoritative, nor does it...