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On Optimal Contracting with Subjective Evaluation
SSRN Electronic Journal, 2001This paper extends the standard principal-agent model to allow for subjective evaluation. It is shown that the optimal contract entails the use of more compressed evaluations relative to the case with objective performance measures. The degree of compression increases as the correlation between the principal's and agent's beliefs decreases.
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Generation of Co-simulation Algorithms Subject to Simulator Contracts
2020Correct co-simulation results require a careful consideration of how the interacting simulators are implemented. In version 2.0 of the FMI Standard, input handling implementation is left implicit, which leads to the situation where a simulator can be interacted with in a manner that its implementation does not expect, yielding incorrect results.
Cláudio Gomes 0001 +4 more
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FLEXIBLE CONTRACTS AND SUBJECTIVE WELL-BEING
Economic Inquiry, 2010Theory suggests that when workers choose between permanent and flexible contracts, their utility should tend to equalize across contract types. New estimates of job satisfaction show the critical role played by unmeasured worker heterogeneity. They reveal that flexible contracts are a strong negative determinant of satisfaction with job security but ...
Green, Colin, Heywood, John
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Optimal Contracting with Subjective Evaluation
American Economic Review, 2003This paper extends the standard principal–agent model to allow for subjective evaluation. The optimal contract results in more compressed pay relative to the case with verifiable performance measures. Moreover, discrimination against an individual implies lower pay and performance, suggesting that the extent of discrimination as measured after ...
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Uncertain subjects: risks, liberalism and contract
Economy and Society, 2000Uncertainty has been largely overlooked in the governmentality literature dealing with risk, especially because of contemporary emphases on models of statistical or actuarial risk calculation. Yet it represents a distinctive way of governing through the future, whose place in the formation of rationalities of neo-liberalism, and of 'enterprising ...
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A Survey of Smart Contract Formal Specification and Verification
ACM Computing Surveys, 2022Palina Tolmach +2 more
exaly
A hybrid relief procurement contract for humanitarian logistics
Transportation Research, Part E: Logistics and Transportation Review, 2022Ali Ghavamifar +2 more
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To the question of the subject of the insurance contract
Право и государство: теория и практика, 2021openaire +1 more source
Subjective evaluation, ambiguity and relational contracts [PDF]
, 2003 The current theoretical literature on contracts with compensation system based on subjective performance measures (Prendergast [1999]) which deals with the principal-agent relationship with moral hazard, assumes that these measures have the advantage of giving a more comprehensive view of the agent's performance but the disadvantage of being impossible
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Subjective Happiness in Behavioral Contracts
Journal of Happiness Studies, 2023openaire +1 more source