An important determinant of health system performance is contracting. Providers often respond to financial incentives, despite the ethical underpinnings of medicine, and payers can craft contracts to influence performance. Yet contracting is highly imperfect in both single-payer and multi-payer health systems. Arguably, in a competitive, multi-payer environment, contractual innovation may occur...

National advertising is an important ongoing marketing activity in a franchise arrangement. A majority of franchisors require franchisees to pay an advertising royalty as a percentage of gross revenues while some require franchisees to pay a fixed advertising fee. These payments are earmarked for national advertising. We investigate the relationship between the franchisor’s profits and the diff...

The aim of this article is to propose a solution to the principal-agent problem arising in construction contracts. The inability to write complete and enforceable contracts gives the contractor the opportunity to earn by cheating. The ultimate method to deal with this problem is to design a contractual mechanism that would stop a self-interested contractor from taking benefit resulting from any...

D evelopment of oil and gas fields is facing many risks, which are mainly due to uncertainties about the existence of commercial reserves, natural and economic environment, political conditions of host countries, legal and infrastructure issues and a market for petroleum products. In such an environment, investors are often engaged as contractors to develop and operate petroleum proj...

This study presents an organizational capability (OC) and transaction cost (TC) explanation for the franchisors’ choice between single-unit and multi-unit franchising. The OC-perspective regards the firm as a bundle of resources which are transformed into organizational capabilities through interactive firmspecific processes, in order to create competitive advantage. According to the OC-view, m...

Foreign economic sanctions were in the focus of domestic lawyers’ attention for half a dozen years. The new legal regime persons directly or indirectly involved sanctioned cross-border commercial activities has been studied science mainly context public law, and — applied aspect through prism compliance procedures. However, no less important is problem regulation its embodiment private law inst...

Inter-firm R&D collaborations through contractual arrangements have become increasingly popular, but in many cases they are broken up without any joint discovery. We provide a rationale for the breakup date in R&D collaboration agreements. More specifically, we consider a research consortium initiated by a firm A with a firm B. B has private information about whether it is committed to the proj...

In this paper we propose the notion of security-by-contract, a mobile contract that an application carries with itself. The key idea of the framework is that a digital signature should not just certify the origin of the code but rather bind together the code with a contract. We provide a description of the overall lifecycle of mobile code in the setting of security-by-contract, describe a tenta...

As the scope and complexity of information technology outsourcing expand, the importance of the number of vendors adopted by a client is rising. What are the reasons why some companies contract with a single vendor while others contract with several? While there has been considerable research on this issue, we still lack a systematic understanding of why firms utilize different numbers of vendo...