In a principal-agent environment with moral hazard and symmetric information, having or acquiring a more informative technology lowers the cost to implement a given action. Contracting may occur after or before the principal learns her technology. We show that when the principal has or will acquire private information about her technology, (i) with ex post contracting, the value of information ...

The rapid development of IT gives rise to changes in many industries and different spheres of life. It simplifies and speeds up processes and data processing. As a result, it changes the processes and the data involved in them. The area of commerce and contracting in particular undergoes similar changes. The new developments aim at speeding up, facilitating and globalizing the process of contra...

Electronic contracting aims at improving existing business relationship paradigms and at enabling new forms of contractual relationships. To successfully realize these objectives, an integral understanding of the contracting field must be established. In this paper, we propose a conceptual framework for businessto-business contracting support. The framework provides a complete view over the con...

E-contracting implies pre-order electronic interaction between customers and suppliers engaging in business transactions. This paper examines electronic contracting from an interorganizational perspective. It derives a collaboration process architecture for contracting in retail and industrial companies and outlines key design decisions concerning a processsupporting system architecture. A case...

This paper models competing mechanism games as extensive games where the extensive form is incompletely understood by a modeler, typically because the modeler doesn’t see all the messages that are being exchanged and doesn’t understand all the contracts that can be enforced. For this reason, the revelation principle can’t be used to characterize supportable outcomes. The paper provides a relati...

The article mainly studies the contracting similarity fixed point and the structure of the general Sierpinski gasket. Firstly, the paper analyzes the importance of contracting similarity fixed point in fractal geometry. Based on a series of definitions, the article studies the contracting similarity fixed point. Then, the paper researches on the structure of the general Sierpinski gasket, and d...

Policy measures for preventive and promotive services are increasingly reliant on contracting of NGOs. Contracting is a neo-liberal response relying on open market competition for service delivery tenders. In contracting of health services a common assumption is a monolithic NGO market. A case study of HIV control in Pakistan shows that in reality the NGO market comprises of parallel NGO networ...