منابع مشابه
Contracts, Conflicts and Communication
The existing literature emphasizes that free-form communication among trading partners increases efficiency by facilitating cooperation and coordination and/or by reducing conflicts. In this paper we study a contracting situation in which competition tends to create considerable payoff inequality in favor of the buyer. Inequality poses a threat to efficiency, because sellers who end up with a s...
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How should a firm set policies– public decision plans that determine the role of its employees, divisions, and suppliers– to strengthen its relationships? We explore whether and how a principal might bias the decisions she makes to foster relational contracts with her agents. To this end, we examine a flexible dynamic game between a principal and several agents with unrestricted vertical transf...
متن کاملDetection of Conflicts in Electronic Contracts∗
Today’s trend towards service-oriented architectures, in which different decoupled services distributed not only on different machines within a single organisation but also outside of it, provides new challenges for reliability and trust. Since an organisation may need to execute code provided by third parties, it requires mechanisms to protect itself. One of such mechanisms is the use of contr...
متن کاملIdentifying Potential Conflicts between Norms in Contracts
Contracts formally represent agreements between parties and often involve the exchange of goods or services. In contracts, clauses define the behavior expected from parties in terms of deontic statements such as obligation, permission and prohibition. These normative clauses may contain conflicting deontic statements referring to the same party in the same context, producing inconsistencies in ...
متن کاملInformation Revelation in Relational Contracts∗
This paper shows that the efficiency of relational contracting can be increased by reducing the public information through a novel intertemporalgarbling process of signals. A distinctive and essential feature of our intertemporalgarbling process is that past outputs have enduring effects on future signals. This process reduces the principal’s maximal reneging temptation by linking together the ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2013
ISSN: 0002-8282
DOI: 10.1257/aer.103.6.2328