Results 271 to 280 of about 599,120 (313)

Optimal multilateral contracts

Economic Theory, 1994
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Krasa, Stefan, Villamil, Anne P.
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Optimal Contracts with Enforcement Risk

SSRN Electronic Journal, 2008
I build a model where potentially biased judges verify complex states by interpreting an imperfect signal whose noise captures factual ambiguities. In a sales and a financial transaction I show that judicial biases amplify and distort factual ambiguities, creating enforcement risk.
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Optimal Length of Labor Contracts

International Economic Review, 1985
One of the most important parameters of a labor contract is its length, yet contract length has received relatively little attention by economists. The lack of attention to contract length might be justified if contract lengths were stable over time, but union labor contracts have fluctuated in length from one to five years. In this paper, we study the
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Optimal indemnity contracts

Insurance: Mathematics and Economics, 1985
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Optimal Contracts in Portfolio Delegation

SSRN Electronic Journal, 2006
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Li, Tao, Zhou, Yuqing
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Optimal Sequencing of Contract Algorithms

Annals of Mathematics and Artificial Intelligence, 2003
We address the problem of building an interruptible real-time system using non-interruptible components. Some artificial intelligence techniques offer a tradeoff between computation time and quality of results, but their run-time must be determined when they are activated.
Zilberstein, Shlomo, Charpillet, François, Chassaing, Philippe   +2 more
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Optimal risk in agricultural contracts

Agricultural Systems, 2003
It is a commonplace observation that risk-averse farmers ought to prefer less risk. In this paper, we provide three qualifications to this commonplace. First, we note that (properly defined) “less risk” need not imply “smaller variance.” Second, we note that when farmers produce under contract, there may be an important tension between risk and ...
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Optimal Coarse Contracts

We study when a principal’s difficulty in describing payoff-relevant outcomes leads contracts to be optimally incomplete. Our setting is a general principal-agent model in which agents’ actions are partially contractible and the principal can choose the extent of contractibility at a cost.
Corrao, Roberto, Flynn, Joel, Sastry, Karthik, Akbarpour, Mohammad, Dworczak, Piotr, Jagadeesan, Ravi, Li, Shengwu, Muir, Ellen   +7 more
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Trade unions and optimal labour contracts

The Economic Journal, 1986
The recently revived literature on wage and employment determination under trade unionism, has, in our opinion, contributed important insights into the functioning of especially European labour markets. It suffers, however, from a potentially serious deficiency: with a few exceptions it neglects completely the issue of risk-shifting between workers and
Horn, Henrik, Svensson, Lars E O
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Optimally Incomplete Contracts

1998
One of the critical roles for the entrepreneur in successfully starting a new firm and introducing new products or services is to mobilize the necessary resources. These activities include hiring employees and lining up suppliers of intermediate goods and services. Both of these activities involve contracting with other parties.
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