Concept

Contract theory

Related publications (37)

Signaling in OTC Markets: Benefits and Costs of Transparency

We provide a theoretical rationale for dealer objections to ex post transparency in over-the-counter markets. Disclosure of the terms of a transaction conveys information possessed by the dealer about the asset quality and reduces the dealer's rents when s ...

CAMBRIDGE UNIV PRESS2020

Agency conflicts and short- versus long-termism in corporate policies

Erwan Morellec

We build a dynamic agency model in which the agent controls both current earnings via short-term investment and firm growth via long-term investment. Under the optimal contract, agency conflicts can induce short- and long-term investment levels beyond firs ...

ELSEVIER SCIENCE SA2020

The role of demand in fostering product vs process innovation: a model and an empirical test

Gabriele Pellegrino

While the extant innovation literature has provided extensive evidence of the so-called "demand-pull" effect, the possible diverse impact of demand evolution on product vs process innovation activities has not been yet investigated. This paper develops a f ...

SPRINGER2020

Environmental care and morality: An economic model with heterogeneous agents

Boris Thurm, Charles Chadi Ayoubi

Some individuals voluntarily engage in costly pro-environmental actions although their efforts have limited direct benefits. This paper proposes a novel economic model with heterogeneous agents explaining why. Each agent has a homo moralis type of preferen ...

2020

Performance Contracts for Software Network Functions

George Candea, Solal Vincenzo Pirelli, Arseniy Zaostrovnykh, Rishabh Ramesh Iyer, Luis David Figueiredo Mascarenhas Moreira Pedrosa

Software network functions (NFs), or middleboxes, promise flexibility and easy deployment of network services but face the serious challenge of unexpected performance behaviour. We propose the notion of a performance contract, a construct formulated in ter ...

USENIX ASSOC2019

Strategic Objectives For State-Owned Enterprises As A Means To Mitigate Political Interference: An Empirical Analysis Of Two Swiss State-Owned Enterprises

Matthias Finger, Fabian Liechti

When governments act as owners of state-owned enterprises (SOEs), they are both principal and agent at the same time. The literature on steering SOEs has mainly focused on the government as the principal that must control SOEs. However, the government is a ...

WILEY2019

Trait anxiety on effort allocation to monetary incentives: a behavioral and high-density EEG study

Maria del Carmen Sandi Perez, João Pedro de Matos Rodrigues, Alina Veronika Irene Strasser

Trait anxiety is an important phenotype in the prediction of stress-induced neuropsychiatric disorders. While the role of trait anxiety in mental effort and cognitive impairment is well documented, much less is known about its influence on motivated behavi ...

2019

Traffic Receipts for Network Transparency

Pavlos Nikolopoulos

Today's Internet is not transparent: when packets get lost or delayed, there is typically no information about where the problem occurred, hence no information about who is responsible. This results in Internet service providers (ISPs) offering service lev ...

EPFL2018

A View on Venetian Apprenticeship through the Garzoni Database

Giovanni Colavizza

A sample of contracts of apprenticeship from three periods in the history of early modern Venice is analysed, as recorded in the archive of the Giustizia Vecchia, a venetian magistracy. The periods are the end of the 16th century, the 1620s and the 1650s. ...

Universitas Studiorum2017

Termination of Open Higher-Order Programs

Viktor Kuncak, Nicolas Charles Yves Voirol, Ravichandhran Kandhadai Madhavan

We study the problem of proving termination of open, higher-order programs with recursive functions and datatypes. We identify a new point in the design space of solutions, with an appealing trade-off between simplicity of specification, modularity, and am ...

2017

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