The industrial and computing research context revolutionized in various directions during the last decades. blockchain-based smart contract embraced as a significant interest due to its distinguishing features such decentralized storage of transactions, autonomous execution codes, establishment trust. Blockchain-based contracts can transform working architecture almost all industries towards el...

This paper experimentally investigates behavior in sequential one-shot transactions which are governed by non-binding contracts. In a second, incomplete information treatment, contracts are binding for some players. While according to traditional game-theoretical analysis no trade is expected in the first treatment, full trade should result in the latter. However, we find that trade is even hig...

Complex socio-economic processes are simultaneously taking place in Russian society: the economy is adapting to external economic challenges and, due COVID-19 epidemic, many aspects of social life being transferred online. As a result, there transformation all types entrepreneurial activity, oriented both end consumer and another legal entity (B2B transactions). The digitalization commerce obje...

the software license agreements form. nowadays. a large portion of international transactions. meanwhile. the escrow agreements are usually as an important part of these contracts without which they could not be entered into. the escrow agreement is a three dimensions contract and formed by three parties jointly. which side is the offering or accepting party and whether could two parties jointl...

To allow providers to keep their autonomy and ensure the overall system can run satisfactorily, it is common practice in the Web Services environment for providers to reduce the strength of some of the traditionallyrequired ACID properties when offering transactional support. However, current standards require providers to offer a constant level of transactional support for each operation they ...

One of the most promising innovations offered by the cryptographic currencies (like Bitcoin) are the so-called smart contracts, which can be viewed as financial agreements between mutually distrusting participants. Their execution is enforced by the mechanics of the currency, and typically has monetary consequences for the parties. The rules of these contracts are written in the form of so-call...

We introduce the concept of poaching, the risk that in any contractual relationship information that is transferred between parties for purposes specified in the contract will deliberately be used by the receiving party, for purposes outside the contract, to its own economic benefit, and to the detriment of the party that provided the information. We argue that this form of transaction risk, a ...