It is standard in agency theory to search for incentive-compatible mechanisms on the assumption that people care only about their own material wealth. Yet it may be useful to consider social preferences in mechanism design and contract theory. We devise an experiment to explore optimal contracts in an adverse-selection context. A principal offers one of three possible contract menus to a team o...

To sustain a market for software components, component producers and consumers must agree on contracts. These contracts must specify each party’s obligations. To ensure that both sides meet their obligations, they must also agree on standards for monitoring contracts and assigning blame for contract violations. This dissertation explores these issues for contracts that specify the sequential be...

Unmanned Aerial Vehicle (UAV) has been recognized as a promising way to assist future wireless communications due to its high flexibility of deployment and scheduling. In this paper, we focus on temporarily deployed UAVs that provide downlink data offloading in some regions under a macro base station (MBS). Since the manager of the MBS and the operators of the UAVs could be of different interes...

The basis of the digital economy is electronic commerce (e-commerce), based on contracting which increasingly relies use a technology. A contract represents legal obligation, as well foundation validity and legitimacy rules, dating back to theory social contract. functioning society has introduced process digitization into scope Contract Law practice. On example wrap contracts, kind online cont...

E the tension between theory and practice regarding complexity and performance in contract design is especially relevant. The goal of this paper is to understand why simpler contracts may commonly be preferred in practice despite being theoretically suboptimal. We study a two-tier supply chain with a single supplier and a single buyer to characterize the impact of contract complexity and asymme...

a unique arrangement of option contract -commitment to sell or buy by one of the parties and create some rights for the other party- has led this arrangement cannot be found similarly in the various contracts mentioned in the civil or sharia law. on the other hand approval of securities market act of the islamic republic of iran has provided legal environment for the design and issuance of opti...

Given a fixed multigraph H with V(H) = {h1, . . . ,hm}, we say that a graph G is H-linked if for every choice of m vertices v1, . . . , vm in G, there exists a subdivision of H in G such that for every i, vi is the branch vertex representing hi . This generalizes the notion of k-linked graphs (as well as some other notions). For a family H of graphs, a graph G is H-linked if G is H-linked for e...

Contracts play an essential role in the Service Oriented Computing, for which they need to be equiped with a sub-contract relation. We compare two possible formulations, one based on compliance and the other on the testing theory of De Nicola and Hennessy. We show that if the language of contracts is sufficiently expressive then the resulting subcontract relations are incomparable. However if w...

Considering the probability of the logistics business successfully completed is influenced by the effort level of 4PL and 3PL, it will cause bilateral moral risk in the case that both sides of the factors of production cannot be checked. Using the principal-agent theory, the paper discusses both sides contracts in the centralized decision and distributed decision, founding that short-term contr...