Results 281 to 290 of about 601,863 (315)

Optimal contracts with random monitoring

International Journal of Game Theory, 2021
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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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Optimality and renegotiation in dynamic contracting

Games and Economic Behavior, 2007
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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 Intermediary Contracts

We study the role of pledgeability in shaping optimal intermediary contracts. We develop a model in which financial intermediaries offer deposit contracts to partially insure lenders against idiosyncratic risks and extend collateralized loans to borrowers with limited commitment.
Nabi Arjmandi, Chao Gu, Joseph Haslag, Yajie Wang   +3 more
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Combinatorial Optimization by Dynamic Contraction

Journal of Heuristics, 1997
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On optimal preprocessing for contraction hierarchies

Proceedings of the 5th ACM SIGSPATIAL International Workshop on Computational Transportation Science, 2012
For some graph classes, most notably real-world road networks, shortest path queries can be answered very efficiently if the graph is preprocessed into a contraction hierarchy. The preprocessing algorithm contracts nodes in some order, adding new edges (shortcuts) in the process. While preprocessing and query algorithm work for any contraction ordering,
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Contractions Based on Optimal Repairs

Proceedings of the TwentyFirst International Conference on Principles of Knowledge Representation and Reasoning
Removing unwanted consequences from a knowledge base has been investigated in belief change under the name contraction and is called repair in ontology engineering. Simple repair and contraction approaches based on removing statements from the knowledge base (respectively called belief base contractions and classical repairs) have the disadvantage that
Franz Baader, Renata Wassermann
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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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The Optimality of Ad Valorem Contracts

Management Science, 2019
We provide a new theory of ad valorem contracts (i.e., contracts that vary with the value of the transaction), which can explain why such contracts are widely used between vertically related parties (e.g., in franchising and licensing). Ad valorem contracts allow upstream firms (principals) to preserve their own incentives to make ongoing investments ...
Andrei Hagiu, Julian Wright
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