منابع مشابه
Contractual Traps
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...
متن کاملContractual Anonymity
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...
متن کاملHybrid Intermediaries
I introduce the concept of hybrid intermediaries: financial conglomerates that control a multiplicity of entity types active in the “assembly line” process of modern financial intermediation, a system that has become known as shadow banking. The complex bank holding companies of today are the best example of hybrid intermediaries, but I argue that financial firms from the “nonbank” space can ju...
متن کاملContractual Savings for Housing
Problems of developing specialized financial services for housing are acute in transition socialist economies (TSE). Some constraints derive from the incomplete and imperfect privatization of the real estate sector. Others reflect the fragmented and undeveloped financial system. This paper examines a financial instrument, contractual savings for housing (CSH), that is often advocated as a major...
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ژورنال
عنوان ژورنال: Journal of Law, Economics, and Organization
سال: 2002
ISSN: 1465-7341
DOI: 10.1093/jleo/18.2.362