Results 271 to 280 of about 356,985 (308)
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Oxford Economic Papers, 1992
This paper investigates the structure of optimal financial contracts and the main factors that influence it--verification and monitoring costs, moral hazard, agents' wealth limitations, and their attitudes to risk. It suggests that the optimality of debt contracts with costly bankruptcy is more robust than some have recently suggested and discusses how
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This paper investigates the structure of optimal financial contracts and the main factors that influence it--verification and monitoring costs, moral hazard, agents' wealth limitations, and their attitudes to risk. It suggests that the optimality of debt contracts with costly bankruptcy is more robust than some have recently suggested and discusses how
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Optimal Contracts in Portfolio Delegation
SSRN Electronic Journal, 2006zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Li, Tao, Zhou, Yuqing
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Optimal contracts with random monitoring
International Journal of Game Theory, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Optimal Contracts with Enforcement Risk
SSRN Electronic Journal, 2008I 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, 2007zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Optimal Length of Labor Contracts
International Economic Review, 1985One 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 +3 more
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Combinatorial Optimization by Dynamic Contraction
Journal of Heuristics, 1997zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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On optimal preprocessing for contraction hierarchies
Proceedings of the 5th ACM SIGSPATIAL International Workshop on Computational Transportation Science, 2012For 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 ReasoningRemoving 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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