Incomplete contracts
The Hold Up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory
... Recent papers show that the basic insights of the incomplete contracts ap- proach are quite sensitive to the underlying assumptions. DeMeza and Lock- wood (1998) and Chiu (1998) point out that the results ...
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Know how disclosure and incomplete contracts
... on incomplete contracts and property rights as pioneered by Hart and Moore (see Hart and Moore, 1990, Moore, 1992, and Hart, 1995) says that not more than one agent should have veto power over an ...
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The disclosure of costs and income on incomplete contracts in the financial statements of contractors
... incomplete contracts in the financial statements of contractors The above practice of non-employment and non-engagement continues even though an important role player such as the AICPA in their PITF Report ...
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The Evolution of Constitutional Federalism in Australia: An Incomplete Contracts Approach
... other contracts, a federal constitution is also an incomplete contract, as legislative domain of neither national nor subnational governments is fixed forever and there is always room for disputation over ...
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From Walrasian general equilibrium to incomplete contracts : making sense of institutions
... to incomplete contracts than to comprehensive ...an incomplete contract and a standard asymmetric informaion contract resides in the fact that the former “allows reputation to operate, since the ...
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Incomplete contracts, control rights and integration decisions in economic organisations
... our incomplete contracts - residual control rights approach that such compensation cannot be credibly offered directly from future returns to efficient asset-specific ...the incomplete contracting ...
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Incomplete contracts and optimal ownership of public goods
... on incomplete contracts, which is the leading paradigm in the modern theory of the fi rm, can also be very useful to throw light on optimal ownership structures in the context of public ...
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Incomplete Contracts in a Complete Contract World
... We do not claim that the RSI default replicates what the parties could achieve through perfect contracting. Instead, we contend that contract law itself, through a careful application of good faith, inter- pretation, ...
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Public private partnerships, incomplete contracts, and distributional fairness – when payments matter
... from incomplete contract theory regarding economic agents’ investment ...given incomplete contracts when the contractor disposes of preferences for distributional ...
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Incomplete Contracts: Foundations and Applications
... More than twenty years have elapsed since Oliver Hart's Fisher-Schultz lecture on the topic of incomplete contracts. Incomplete contract theory (ICT) has become a rigorous and widely used approach in ...
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Identification and Estimation of Auctions with Incomplete Contracts: A Structural Analysis of California Highway Construction Projects
... Our first set of empirical results reveal the determinants of contractors’ bargaining power. We find that on average a winning contractor’s bargaining power is significantly higher than that of the procurer, and it is ...
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Infrastructure integration and incomplete contracts: natural gas in the Southern Cone
... individual contracts should satisfy (1) and, given other contracts, should also satisfy the adding-up ...or contracts do not hold, then there will not be enough natural gas to satisfy exports and ...
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Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered
... the incomplete contract approach, it is shown that partial privatization may well be the optimal ownership ...standard incomplete contract model joint ownership is usually domi- nated, it is shown here that ...
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Contract renegotiation under asymmetric information: On the foundations of incomplete contracts
... the incomplete contract paradigm, that a contract, stipulating that the buyer will receive an upgrade for his software after a year, is ...the incomplete contract approach, although an initial contract ...
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Seitz, Michael (2011): Incomplete Contracts, Financial Frictions and Trade - Firms and Consumers in a Global Economy. Dissertation, LMU München: Volkswirtschaftliche Fakultät
... results, I find a positive, significant and sizeable economic effect for my judicial quality interaction term. Second, instead of using the absolute values of R&D[r] ...
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Incomplete Contracts, Limited Liability, and the Optimality of Joint Ownership
... The property rights approach to the theory of the …rm is the most prominent application of the incomplete contracting paradigm. A central conclusion of the standard model says that joint ownership is suboptimal. ...
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Incomplete social contracts
... the incomplete social contract approach in this paper to analyze the costs and benefits of insulating political leaders (from changes in voters preferences or from aggre- gate shocks) and their implications for ...
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Using micro computed tomography to examine the larynx in cases of suspected strangulation a comparison of case findings and control images
... Incomplete fusion The fusion or non-fusion of the greater horns to the body of the hyoid bone is an easily misinterpreted feature. While it is well-established in the literature that these elements can fuse over ...
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Uniformity of laws: a reality or just a myth?
... on Contracts for the International Sale of Goods (CISG, 1980) will reduce the transactions costs either at trial or when a problem arises as both parties operate in essence under the same law and, hence, a ...
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The Career Path of Expatriates at Repatriation
... For employees that are from 45 years to 55 years, Liu (2002) suggested that they view the psychological contracts with their organizations as balanced [10]. In this career stage, the characteristics of them are ...
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