منابع مشابه
Risk Sharing in Poultry Contracts
In previous literature it was found that 84% of risk in poultry grow-out farms is transferred to the processing company, an integrator. A major reason for such a high risk transfer is the absence of a market price variable in determining compensation. We find that more recent contracts, which include a market price clause do not have such high risk transfer. Using welfare analysis we also concl...
متن کاملSharing risk through concession contracts
In this paper we model concession contracts between a public and a private party, under dynamic uncertainty arising both from the volatility of the cash flow generated by the project and by the strategic behaviour of the two parties. Under these conditions we derive three notions of equilibrium price and apply the model to a case study for one of the most important concession contracts in Italy...
متن کاملRange contracts: Risk sharing and beyond
We introduce and study the range contract, which allows a buyer to procure from a supplier at a prescribed price any amountwithin a specified range. In return, the supplier is compensated up front for thewidth of the rangewith a range fee. This fee canbe viewed as the buyer tradingmonetary value for reduceduncertainty. The range contract generalizes and unifiesmany common contracts, such as fix...
متن کاملtime sharing contracts
time sharing contracts are a new type of contracts relating to immovable property created in response to modern life necessities. the main feature of this type of contract is that the ownership of property is transferred to the buyer for a limited period of the year. unlike traditional sale contracts in which the buyer acquires the complete and continuous ownership of the property purchased, in...
متن کاملCompetitive Risk Sharing Contracts with One-Sided Commitment: Technical Appendix
This appendix provides details of some of the proofs in the main paper Proposition 4: Let outside options (U(y))y∈Y ∈ [w, w̄] and β < 1 < R by given. Further suppose that condition 1 in the main text is satisfied. Then, an optimal contract for ¡ (U(y))y∈Y , w, w̄ ¢ exists and has the following properties. 1. V (y,w) is strictly convex, strictly increasing, continuous and differentiable in w. 2. T...
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: Doboku Gakkai Ronbunshu
سال: 2001
ISSN: 0289-7806,1882-7187
DOI: 10.2208/jscej.2001.693_205