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Optimal Contracts under Costly State Falsification
Journal of Political Economy, 1989We examine an exchange economy with two agents: one risk neutral with a certain endowment and a second risk averse with a random endowment. The realization of the endowment is public but can be falsified by the second agent at a cost. For a broad class of falsification cost functions the optimal no-falsification contract is noncontingent on a left-hand
Lacker, Jeffrey M, Weinberg, John A
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2019
Where an investment is made in a foreign country, a contract is often entered into between the investor and the government of that country, or with a government entity formally independent of but still closely tied to the government. The chapter first examines the legal, practical and theoretical aspects of how these contracts become subject to ...
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Where an investment is made in a foreign country, a contract is often entered into between the investor and the government of that country, or with a government entity formally independent of but still closely tied to the government. The chapter first examines the legal, practical and theoretical aspects of how these contracts become subject to ...
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2017
Large-scale investments are typically governed by complex contractual agreements directly entered into between foreign investors and host governments. Besides international investment treaties and special domestic investment laws, these so-called ‘investor-State contracts’ or ‘investment contracts’ play an important role for the protection of foreign ...
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Large-scale investments are typically governed by complex contractual agreements directly entered into between foreign investors and host governments. Besides international investment treaties and special domestic investment laws, these so-called ‘investor-State contracts’ or ‘investment contracts’ play an important role for the protection of foreign ...
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Analyzing smart contract interactions and contract level state consensus
Concurrency and Computation: Practice and Experience, 2019SummaryAlthough the primary function of distributed ledgers is to store data related to users' interactions, their capabilities allow them to offer more sophisticated functionalities. Advances in blockchain technologies introduced smart contracts, software programs that define immutable rules as functions stored on the blockchain and can be executed on
Yao‐Chieh Hu +3 more
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Contractions of Epistemic States
2001As we argued in the preceding chapter, belief change operations should be defined primarily as operations on epistemic states; though any epistemic state has an associated belief set, changes to the latter will be determined by changes made to the underlying epistemic state. In this chapter we will describe this process for the case of contractions.
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Distribution of Crossbridge States in Contracting Muscle
2005...
H. E. HUXLEY +3 more
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State Contracts and Transnational Arbitration
American Journal of International Law, 1981Agreements providing for the arbitral settlement of disputes arising out of contracts between foreign sovereigns and private contracting parties have become a permanent feature of transnational commerce.This particular favor for the arbitral, as opposed to the judicial, settlement of state contract disputes is attributable to a number of reasons, some ...
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The Administrative State: Contract
Abstract The previous chapter considered the way the administration discharged legislative objectives through individualized decision-making and rulemaking. This chapter continues this story through analysis of the way in which contract was used to effectuate statutory goals.openaire +1 more source
Abstract This chapter discusses contracts with governments and public authorities. State contracts retain direct participation in several sectors of the economy despite nearly three decades having elapsed since the reforms of 1991. The chapter examines state contracts from the perspective of the parties to the contract before elaborating
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2019
Abstract This chapter reflects on the increasing emergence of transnational efforts at both the global and regional level to bring about the greater convergence of national contract law regimes. The divergences between contract law regimes are seen as major obstacles to free trade, and removing these barriers is the primary motivation ...
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Abstract This chapter reflects on the increasing emergence of transnational efforts at both the global and regional level to bring about the greater convergence of national contract law regimes. The divergences between contract law regimes are seen as major obstacles to free trade, and removing these barriers is the primary motivation ...
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