Theory predicts that default breach remedies are immaterial whenever contracting costs are negligible. Some experimental studies, however, suggest that in practice default rules do matter, as they may a¤ect parties' preferences over contract terms. This paper presents results from an experiment designed to address the importance of default breach remedies for actual contract outcomes. We …nd th...

What counts as human rationality: reasoning processes that embody content-independent formal theories, such as propositional logic, or reasoning processes that are well designed for solving important adaptive problems? Most theories of human reasoning have been based on content-independent formal rationality, whereas adaptive reasoning, ecological or evolutionary, has been little explored. We e...

A variety of system design and architecture description languages, such as SysML, UML or AADL, allows the decomposition of complex system designs into communicating timed components. In this paper we consider the contract-based specification of such components. A contract is a pair formed of an assumption, which is an abstraction of the component’s environment, and a guarantee, which is an abst...

In this paper, we consider the revenue sharing contract between supply chain actors in a multi-echelon supply chain, where the demand of the customers and retail price are fuzzy variables. The centralized decision making system and a coordinating contract, namely, the revenue sharing contract with fuzzy demand and asymmetric information are proposed. To derive the optimal solutions, the fuzzy s...

Principal Agent Theory (PAT) seeks to identify incentives and sanctions that a consumer should offer a producer as part of a contract in order to maximise the former’s utility. However, identifying optimal contracts in large systems is difficult, particularly when little information is available about producer competencies. In this work we propose that a global contract be used to govern such i...

In this paper, the theory of resource conservation is introduced to explore the influence of psychological contract on turnover intention of employees, and the mediating mechanism of organizational commitment is tested. Through the questionnaire survey of employees in high-tech enterprises in Xi’an City, we use the structural equation model for empirical research; the results shows that: 1) the...

A correction to this paper has been published: https://doi.org/10.1007/s10683-021-09712-z