Mitigating incentive conflicts in inter-firm relationships: Evidence from long-term supply contracts
نویسندگان
چکیده
منابع مشابه
The Nature of Long-term Supply Relationships
Previous research of inter-organizational relations suggests that they are too complex to grasp in terms of simple, linear effects from independent on dependent variables. Many variables are involved, and most of them influence each other, in circular causality. The central reason for this is that enduring, fruitful relations are based on interaction and mutual dependence. This paper employs th...
متن کاملOptimal Long-Term Supply Contracts with Asymmetric Demand Information
We consider a manufacturer selling to a retailer with private demand forecast information arising dynamically over an infinite time horizon. We show that the manufacturer’s optimal dynamic long-term contract takes a simple form: in the first period, based on her private demand forecast, the retailer selects a wholesale price and pays an associated upfront fee, and, from then on, the two parties...
متن کاملIntertemporal Labor Supply and Long-Term Employment Contracts
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your perso...
متن کاملMoral Hazard, Incentive Contracts and Risk: Evidence from Procurement
Deadlines and penalties are widely used to incentivize effort. We model how these incentive contracts affect the work rate and time taken in a procurement setting, characterizing the efficient contract design. Using new micro-level data on Minnesota highway construction contracts that includes day-by-day information on work plans, hours actually worked and delays, we find evidence of moral haza...
متن کاملA Cross Cultural Comparison of Long-Term Supply Relationships
This paper challenges the received view that long-term supply relationships are a typically Japanese feature, embedded and developed in a typically Japanese society characterized by high levels of trust and cooperation, and for that reason cannot be established in the typically a-cooperative, competitive and low trust Western world of the United States and Europe. Our results from the automobil...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Accounting and Economics
سال: 2013
ISSN: 0165-4101
DOI: 10.1016/j.jacceco.2013.02.001