European football, like all major sport around the world, was heavily impacted by COVID-19 pandemic. All national leagues in Europe had to suspend their 2019-20 seasons, though most were eventually able complete them extending seasons beyond usual finishing dates. However, these resumed fixtures be played empty stadiums, as matches 2020-21 seasons. This article considers how problems dealt with...

In private international law of contract, the regulating rights and obligations contracting parties may (whether objectively determined or chosen by parties), in some instances, be limited either public policy considerations other relevant mandatory rules. this regard, overriding rules three places – that forum state, applicable (if different from lex fori) place performance (or a third state w...

Risk theoretic analysis of capitation contracts suggests that capitation contracts are closely aligned to reinsurance contracts between insurance companies. Similarities and differences between these two forms of contractual instruments are reviewed, and several implications are discussed. Viewing capitation contracts as reinsurance contracts has implications that are incompatible with the over...

The literature on monitoring of cross-organizational processes, executed within business networks, considers monitoring only in the network formation phase, since network establishment determines what can be monitored during process execution. In particular, the impact of evolution in such networks on monitoring is not considered. When a business network evolves, e.g. contracts are introduced, ...

Following the seminal works of Schmeidler (1989), Gilboa and Schmeidler (1989), roughly put, an agent’s subjective beliefs are said to be ambiguous if the beliefs may not be represented by a unique probability distribution, in the standard Bayesian fashion, but instead by a set of probabilities. An ambiguity averse decision maker evaluates an act by the minimum expected value that may be associ...

Modern corporations use complex debt instruments and pursue acquisitions. In order to analyze the properties of some of these contracts in the event of an acquisition, this paper considers a company that has an incumbent capital structure, comprising one of five practically important structured debt contracts. An opportunity for an acquisition comes along that was not ex-ante contractible. The ...

Do competitive insurance markets function orderly in the presence of moral hazard and adverse selection? What are the properties of allocations attainable as competitive equilibria of such economies? And in particular, are competitive equilibria incentive efficient? The fundamental contribution on competitive markets for insurance contracts is Prescott and Townsend (1984). They analyze Walrasia...

Copyright and Moral Rights for the articles on this site are retained by the individual authors and/or other copyright owners. For more information on Open Research Online's data policy on reuse of materials please consult the policies page. Summary This paper considers the implementation of CRM systems based on evidence from longitudinal case studies in medium-sized companies operating in the ...

Reverse share tenancy, wherein poorer landlords rent out land to richer tenants on shares, is a common phenomenon. Yet it does not fit existing theoretical models of sharecropping and has never before been modeled in the economics literature. We explain share tenancy contracts using an asset risk model that incorporates Marshallian inefficiency and thereby provides a credible explanation for sh...