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Southern Journal of Applied Forestry, 1982
Abstract Long-term timber management contracts can be an attractive option to both the nonindustrial private landowner and the forest industry firm. However, many such contracts incorporate inequities or operational problems which may lead to eventual dissatisfaction by one or both parties. The recurring option contract presented is both
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Abstract Long-term timber management contracts can be an attractive option to both the nonindustrial private landowner and the forest industry firm. However, many such contracts incorporate inequities or operational problems which may lead to eventual dissatisfaction by one or both parties. The recurring option contract presented is both
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The Comparison of Stock Contract and Options Contract
2010 Third International Conference on Business Intelligence and Financial Engineering, 2010This paper compared stock contract and option contract on the basis of principal-agent theory, and discussed the advantages of the two. Despite of the common view that stock contract is a particular option contract without exercise price, we considered two circumstances of stock contract: free given and partial purchase.
Caiyu Zhang +3 more
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The Quality Option and Timing Option in Futures Contracts
The Journal of Finance, 1989ABSTRACTOften futures contracts contain quality options whereby the short position has the choice of delivering one of an acceptable set of assets. We explore the implications of the quality option on the futures price. We develop a method for pricing the quality option for the general case ofndeliverable assets and provide numerical illustrations of ...
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Optional Regulation of Standard Contract Terms
SSRN Electronic Journal, 2014Optional regulation of standard contract terms gives rise to several functional peculiarities and to a number of difficult systematic questions. More specifically, the present chapter deals with the draft rules on standard contract terms in the proposed Common European Sales Law (CESL).
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Determining Values Using Options Contracts
Asian Journal of Law and Economics, 2016Abstract This paper presents a simple mechanism for allocating a single good in partnership dissolution. Since in the areas of probate, family, partnership and bankruptcy law the establishment of the value of assets is essential this mechanism can be useful.
Carlos Seiglie, Jun Xiang
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Options Contracts with Costly Effort
SSRN Electronic Journal, 2003♣♣ ♣ ♣ This paper uses a stylized agency model to evaluate the economic efficiency of options contracts. The model allows us to compare the expected pay-off of shares and options when agents are risk-averse and they have a cost for supplying effort. We find that in the cases where options are preferred to shares the contract will fix an exercise price ...
Oscar Gutiérrez Arnáiz +1 more
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High-Water Marks Contracts Versus Recurring Option Contracts
SSRN Electronic Journal, 2015This paper analyzes a fund manager's portfolio optimization problem when compensated by either a high-water marks (HWM) contract or a recurring option contract with a fixed benchmark rate. In a model with an indefinite number of periods, the compensations are paid out annually, while the manager's portfolio decision is made in continuous time.
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Option Contract in Islamic Finance
SSRN Electronic Journal, 2016The first part of the paper provides a background on Shari’ah, and Islamic Finance. Next, the paper introduces option contract, and briefly discusses its benefits. Third part of the paper introduces the pro-options and anti-options views among Muslim jurists.
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Contracting on real option payoffs
Journal of Economics and Business, 2006Abstract We consider the design of contracts that pay managers on the basis of a project's payoff. We show that a contract that induces appropriate timing of project investment by a privately informed risk neutral manager will not offer proper incentives to forgo perk consumption at the time of investment. Under the firm's optimal contract within the
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Capital investments in options contracts and straddle contracts [PDF]
Economia. Seria Management, 2009 From the multitude of variations of capital investment on the capital market, this work cuts two of them namely capital investments in options contracts and capital investments in straddle contracts. A distinct place it occupies in the paper presentation of the operating mechanisms of the two types of investment, so that when any investor will take the
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