Judicial detection skill and contractual compliance

A Theory of Contractual Incompleteness based on Judicial Agency

Ex ante contractual agreements between parties must necessarily be enforced by an enforcing authority ex post. If the enforcing authority turns out to be opportunistic, the initial contract de...nes an ex post rent dissipation game that the contracting parties will play in trying to bribe him. When parties foresee this possibility, they may rationally refrain from contracting in the ...rst plac...

The roles of incentives and voluntary cooperation for contractual compliance

Efficiency under contractual incompleteness often requires voluntary cooperation in situations where self-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the gift-exchange game of how explicit and implicit incentives affect cooperation. We first show that there is substantial cooperation under non-incentive comp...

Contractual Compliance and the Federal Income Tax System

Skill of Compliance with Controlled Charging/Discharging of Kinetic Energy

Use of compliance in muscle is the inherent skill of a human. By using the potential energy charged in the compliant members, we can skillfully equalize the characteristics of muscles and body. Integrating the skill of compliance will provide robots with higher mobility, dexterity and safety and extends the fields of applications. The main research issues of the skill of compliance are tuning p...

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...