Kalkanci, Basak; Chen, Kay-Yut; Erhun, Feryal - In: Management Science 57 (2011) 4, pp. 689-704
relevant. The goal of this paper is to understand why simpler contracts may commonly be preferred in practice despite being … three price blocks) or a price-only contract, contracts that are commonplace in practice, yet different in complexity … simpler contracts, such as a price-only contract or a quantity discount contract with a low number of price blocks, are …