Contractual moralists, such as Bowie and Donaldson, have argued that contractual agreement explains why corporations a moral obligation towards the society in which they operate. They argue corporation’s emerges from hypothetical social contract establishes its legitimacy to operate society. Their assumption appears indicate logically necessary relationship between corporation. We there i...

It is imperative for a competitive e-business service provider to be positioned to manage the execution of its service level agreement (SLA) contracts in business terms (e.g., minimizing financial penalties for service-level violations, maximizing service-level measurement based customer satisfaction metrics). This paper briefly describes the design rationale of an integrated set of businessori...

Pacific Economic Bulletin Volume 21 Number 2 2006 © Asia Pacific Press This article assesses the magnitude of expected financial gains and the nature of incentives that a performance payment based contractual system may offer in a segmented sugar industry such as Fiji’s. A performance payment system (PPS), such as the Atherton system, could give all industry stakeholders incentives to improve p...

This report has been prepared under a contractual agreement between the Wisconsin Department of Workforce Development and the Institute for Research on Poverty. The authors thank Katie Thornton and Lynn Wimer for data construction and Deborah Johnson and Dawn Duren for assistance with the preparation of this report. Any views expressed in this paper are those of the authors and not necessarily ...

The research leading to these results has received funding from the European Community's Seventh Framework Programme FP7/2007-2013 under grant agreement n° 215483 (S-Cube). Title: Virtual Learning Centre Authors: UniDue, Tilburg, CITY, INRIA, Lero, Polimi, SZTAKI, TUW, UOC,UPM, USTUTT, VUA Editor: Harald Psaier (TUW) Reviewers: Philipp Leitner (TUW) Martin Treiber (TUW) Identifier: CD-SoE-1.1.6...

In this study, we investigate the strategy of increasing the production capacity temporarily by means of contingent contractual agreements. These agreements are viewed as capacity options. A continuous material flow production system that supplies materials to meet a random demand that switches randomly between a high level and a low level is considered. The production system does not have enou...

W argue that contracts establish the norms of a relationship and that individuals incur disutility when deviating from these norms. In a laboratory experiment, we allow agents to make simple contracts before they play one of four games, and the most effective contract always includes an unenforceable “handshake” agreement to take the first-best action. In three games, a contract with only this ...