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11
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11
Incomplete Contracting and Price Regulation
Bös, Dieter
-
2000
Consider a licensing contract where a monopolistic grid sells a license to a competitive licensee. Unless it is regulated, the grid will exploit its monopolistic position which, in turn, will imply an exploitation of the consumers who buy the end product from the licensee. Therefore, the...
Persistent link: https://www.econbiz.de/10014179289
Saved in:
12
Behavioral constraints on the design of subgame-perfect implementation mechanisms
Fehr, Ernst
;
Powell, Michael
;
Wilkening, Tom
-
2020
-
Revised version
retaliation against legitimate uses of arbitration. Incorporating reciprocity preferences into the
theory
explains the observed …
Persistent link: https://www.econbiz.de/10012318860
Saved in:
13
Chapter 1 Contract Law
Hermalin, Benjamin E.
;
Katz, Avery W.
;
Craswell, Richard
- In:
Handbook of law and economics : volume 1
,
(pp. 3-138)
.
2007
legal arrangements and corresponding topics in microeconomic
theory
, such as welfare economics and the
theory
of contracts. …
Persistent link: https://www.econbiz.de/10014023515
Saved in:
14
Optimal hierarchies with diverse decision-makers
Puschke, Kerstin
(
contributor
)
-
2007
We analyze the optimal decision-making hierarchy in an organization when decision-makers of limited liability have preferences conflicting with the organization's objective and exert externalities on their counterparts. In a horizontal hierarchy, every decision is made by a different agent. In a...
Persistent link: https://www.econbiz.de/10003526226
Saved in:
15
Formal contracts, relational contracts, and the threat-point effect
Itō, Hideshi
;
Morita, Hodaka
-
2011
Can formal contracts help resolving the holdup problem? We address this important question by studying the holdup problem in repeated transactions between a seller and a buyer in which the seller can make relation-specific investments in each period. In contrast to previous findings, we...
Persistent link: https://www.econbiz.de/10009240848
Saved in:
16
Managing Authority and Incentives in Relational Contracts
Ishihara, Akifumi
-
2020
We consider a relational contracting model in which the parties choose to allocate authority either to the principal (centralization) or to the agent (delegation). The party who has authority chooses a project, and the agent exerts effort to successfully execute the project. Delegation generates...
Persistent link: https://www.econbiz.de/10012839948
Saved in:
17
On Multitasking and Job Design in Relational Contracts
Ishihara, Akifumi
-
2019
We investigate job design problems in relational contracting environments with multitasking and an aggregated and distorted performance measurement. Compared to assigning all the tasks to a single agent, assigning the tasks to multiple agents mitigates misallocation of effort among the tasks but...
Persistent link: https://www.econbiz.de/10012903038
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18
Incomplete Contracts, Shared Ownership, and Investment Incentives
Schmitz, Patrick W.
-
2019
Consider a partnership consisting of two symmetrically informed parties who may each own a share of an asset. It is ex post efficient that tomorrow the party with the larger valuation gets the asset. Yet, today the parties can make investments to enhance the asset's productivity. Contracts are...
Persistent link: https://www.econbiz.de/10012891755
Saved in:
19
From Complete to Incomplete (Contracts) : A Survey of the Mainstream Approach to the
Theory
of Privatisation
Walker, Paul
-
2017
In this essay we survey the literature on the
theory
of privatisation. We look at two periods defined by their … relationship to the
theory
of the firm. In the period up to 1990 the literature followed the
theory
of the firm in using a complete …
Persistent link: https://www.econbiz.de/10012974189
Saved in:
20
Cooperation or Collusion? Rents in Relational Contracts for Teams
Ishihara, Akifumi
-
2019
We consider relational contracts for teams in which the agents monitor each other. We demonstrate that providing rents to the agents strengthens peer sanction endowed within the agents' ongoing relationship, which may have a negative effect to induce unproductive collusion as well as a positive...
Persistent link: https://www.econbiz.de/10012863568
Saved in:
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