Finally, contractual approaches can be used, meaning legal arrangements directly amongst the different stakeholders interested in economically exploiting intangible heritage. While this chapter draws primarily on private law concepts, it moves beyond the private law domain, by suggesting a...

The notion of programmable payments is not a radically new one. Basic programmable payments such as standing orders or direct debits already exist in our financial system. However, the capability of integrating complex business logic into the payment systems and making them inter-operable with...

As the effects of climate change continue to worsen, mining projects, the communities surrounding them, and their host states are increasingly at risk of being affected by environmental disasters, with devastating social and economic consequences. Risk allocation provisions included in...

Any legal system recognizing property rights or entitlements vested in a particular party or owner must also specify the degree to which the law will protect the owner’s interests. Often, the owner’s interests are protected by “property rules,” which, through various civil, equitable and...

The question of how contracts promote innovation has long attracted scholars’ attention. This Article tackles this question by studying one contractual mechanism — bundling arrangements — that innovators frequently use to transfer other assets along with a patent license. It examines 400...

Multichannel networks (MCN) companies arise due to booming video sharing platforms like YouTube. MCN companies sign creators who produce and publish videos on video-sharing platforms. In addition to the advertising revenue from the platforms, the companies and creators can earn revenue by...

This paper investigates the relationship between supplier development and procurement performance in the public sector. Furthermore, the paper examines the moderating role of contract management difficulty on the relationship between supplier development and procurement performance. Using...

The objective of this report is to help governments of emerging economies to better understand the increasing impact of disruptive technologies on PPP infrastructure projects. The report also seeks to provide guidance on how to manage existing PPP contracts and design future ones at a time when...

Current and expected job tenure have fallen significantly over the last two decades. Over the same period, traditional defined benefit pensions, designed to reward long tenure, have become steadily less common. This paper uses a contract-theoretic matching model with moral hazard to explain...

We develop a framework for deriving dynamic monotonicity results in long-term stochastic contracting problems with symmetric information. Specifically, we construct a notion of concave separable activity that encompasses many prevalent contractual components (e.g., wage, effort, level of...