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...

Considering the company as an integral part of market system, theories appeared that reveal traditional economic theory and take into account sphere business.

The coordination of two-echelons supply chain by buyback contract under the imperfect product quality and fuzzy demand environment is investigated in this paper. The mathematical models are built based on credibility theory, and the optimal parameters of buyback contract are obtained. In addition, the influence of the imperfect product rate on the parameters of buyback contract is analyzed. Fin...

Abstract When developing complex software and systems, contracts provide a means for controlling the complexity by dividing responsibilities among components of system in hierarchical fashion. In specific application areas, dedicated contract theories formalise notion operations on manner that supports best development systems area. At other end, meta-theories attempt to systematic view various...