منابع مشابه
Simple Cost-Sharing Contracts
Economic guidance can be of substantial value to policymakers in principle. However, guidance delivered in the form of complex formulae and detailed mathematical characterizations of optimal policies may not be fully appreciated or warmly embraced. Consequently, insights like those of William Rogerson (2003) are particularly important. Rogerson demonstrates in a plausible setting that a pair of...
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A companies outsource more product design and manufacturing activities to other members of the supply chain, improving end-product quality has become an endeavor extending beyond the boundaries of the firms’ in-house process capabilities. In this paper, we discuss two contractual agreements by which product recall costs can be shared between a manufacturer and a supplier to induce quality impro...
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This paper considers a model of cost-based procurement in which the principal faces ambiguity about the agent's preferences for e ort to reduce costs. It evaluates the performance of simple and commonly used incentive schemes whereby the agent chooses between a xed-price contract and a cost-reimbursement contract. Calculation of the optimal simple scheme requires knowledge only of the cost savi...
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...
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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...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2007
ISSN: 0002-8282
DOI: 10.1257/aer.97.1.419