منابع مشابه
Futures Market : Contractual Arrangement to Restrain Moral Hazard in Teams
Holmstrom (1982) argues that a principal is required to restrain moral hazard in a team: wasting output in a certain state is required to enforce efficient effort, and the principal is a commitment device for such enforcement. Under competition in commodity and team-formation markets, I extend his model à la Prescott and Townsend (1984) to show that competitive contracts can exploit the futures...
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A sufficient condition for the existence of equilibrium in Song (2007) is given. Non-linearity and linearity of prices in the model are discussed in depth.
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In numerous economic scenarios, contracting parties may not have a clear picture of all the relevant aspects. While confronted with these unawareness issues, the strategic decisions of the contracting parties critically depend on their sophistication. A contracting party may be unaware of what she is entitled to determine. Therefore, she can only infer some missing pieces via the contract offer...
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This paper examines a model in which individuals contract with one another along the branches of a fixed network and then select verifiable productive actions with externally enforced transfers. Special cases of the model include most settings of contracting with externalities that have been studied in the literature. The model allows for a type of externality that the previous literature has n...
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We propose, develop, and implement techniques for achieving contractual anonymity. In contractual anonymity, a user and service provider enter into an anonymity contract. The user is guaranteed anonymity and message unlinkability from the contractual anonymity system unless she breaks the contract. The service provider is guaranteed that it can identify users who break the contract. The signifi...
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ژورنال
عنوان ژورنال: British Dental Journal
سال: 2004
ISSN: 0007-0610,1476-5373
DOI: 10.1038/sj.bdj.4811255