Results 21 to 30 of about 601,863 (315)
Designing an updatable long-term health insurance [PDF]
Mathematics and Modeling in Finance, 2021 In this paper, we considered the long-term health insurance as a sequence of annual health insurance policies. To improve the disadvantages of long-term health insurance, we specify the optimal contract including optimal insurance premiums and optimal ...
Atefeh Kanani Dizaji +2 more
doaj +1 more source
Optimal contracting with altruism and reciprocity [PDF]
Research in Economics, 2014 Motivated by the recent experimental evidence on altruistic behavior, we study a simple principal–agent model where each player cares about other players' utility, and may reciprocate their attitude towards him. We show that, relative to the selfish benchmark, efficiency improves when players are altruistic.
Bassi, Matteo +2 more
openaire +2 more sources
Contract signing, optimism, and advantage
The Journal of Logic and Algebraic Programming, 2003 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Rohit Chadha +3 more
openaire +1 more source
Optimal Contracts for Lenient Supervisors [PDF]
SSRN Electronic Journal, 2011 We consider a situation where an agent's effort is monitored by a supervisor who cares for the agent's well being. This is modeled by incorporating the agent's utility into the utility function of the supervisor. The first best solution can be implemented even if the supervisor's preferences are unknown. The corresponding optimal contract is similar to
Giebe, Thomas, Gürtler, Oliver
openaire +2 more sources
Optimal licensing strategy of green technology with corporate social responsibility
Technological and Economic Development of Economy, 2022 This study investigates the green technology licensing strategies of firms with corporate social responsibility (CSR) in a duopoly market. The results show that in the absence of CSR, the optimal licensing contract is fixed-fee licensing for a patent ...
Dongdong Li, Chengxuan Shang, Chen Jiao
doaj +1 more source
The theory of incentives applied to the transport sector [PDF]
, 2009 Building upon Iossa and Martimort (2008), we study the main incentive issues and the form of optimal contracts for Public Private Partnerships (PPPs) in transports. We present a basic model of procurement in a multitask environment in which a risk-averse
Iossa, E, Martimort, D
core +2 more sources
Journal of Management Science and Engineering, 2023 We consider a general framework of optimal contract design under the heterogeneity and short-termism of agents. Our research shows that the optimal contract must weigh the agent's information rent, incentive cost, and benefit to overcome the contract's ...
Chuan Ding, Yang Li, Zhenyu Cui
doaj +1 more source
Optimal Contracts with Lock-In [PDF]
American Economic Review, 1987 The authors analyze incomplete long-term contracts when buyers incur relationship-specific set-up costs and sellers choose product or service quality that is not verifiable to third parties. If set-up costs are observable, the first-best outcome can be achieved even though contracts cannot enforceably specify quality; this does not even require long ...
Farrell, Joseph, Shapiro, Carl
openaire +1 more source
Optimal combined purchasing strategies for a risk-averse manufacturer under price uncertainty
Journal of Industrial Engineering and Management, 2015 Purpose: The purpose of our paper is to analyze optimal purchasing strategies when a manufacturer can buy raw materials from a long-term contract supplier and a spot market under spot price uncertainty. Design/methodology/approach: This procurement model
Qiao Wu, Andy Chen
doaj +1 more source
Advances in Mechanical Engineering, 2020 The analysis of the quantity discount of the decentralized supply chain has been studied only for single-period planning models. This article presents the design of an optimal quantity discounts for multi-period bilevel production planning for two ...
Okihiro Yoshida +3 more
doaj +1 more source