This paper argues that the existence of knowledge-intensive firms pose puzzelments for the contractual theories of the firm. For example, in knowledge-intensive firms physical assets are widely absent, the nature of employment relations and assetownership are much less clear compared to industrial firms. Although knowledge-intensive firms account for a growing share in wealth-creation and emplo...

This paper reports on computational experiments for an agent based computational economics ACE model of a labor market with choice and refusal of contractual partners and endogenously evolv ing work site behavior Three types of labor market structures are exam ined two sided markets comprising workers and employers partially uid markets comprising pure workers pure employers and agents capable ...

IT outsourcing is about contracting technology services to a third-party but involves much more than the contractual definition of the arrangement. Structuring the alliance, managing the relationship and planning for the business must complement the contractual arrangements. It is not until all of these elements are aligned that IT outsourcing is likely

We propose, develop, and implement techniques for achieving contractual anonymity. In contractual anonymity, a user and service provider enter into an anonymity contract. The user is guaranteed anonymity and message unlinkability from the contractual anonymity system unless she breaks the contract. The service provider is guaranteed that it can identify users who break the contract. The signifi...

In order to apply asset-liabilitymanagement techniques to property-liability insurers, the sensitivity of liabilities to interest rate changes, or duration, must be calculated. The current approach is to use the Macaulay or modified duration calculations, both of which presume that the cash flows are invariant with respect to interest rate changes. Based on the structure of liabilities for prop...

Important research has already been made on the potentially destabilizing fiscal impact of contingent liabilities. Additional insights can be gained by working within a broader conceptual framework based on the government’s balance sheet. This approach would place contingent liabilities alongside other sovereign exposures arising from both assets and liabilities. A number of sovereigns using as...