Search Results - subject:"Incomplete contracts"

Acemoglu, Daron; Antras, Pol; Helpman, Elhanan - 2007

Economics

Persistent link: https://www.econbiz.de/10009432015

On platforms, incomplete contracts, and open source software

Niedermayer, Andras - 2007

We consider a firm A initially owning a software platform (e.g. operating system) and an application for this platform. The specific knowledge of another firm B is needed to make the platform successful by creating a further application. When B's application is completed, A has incentives to...

Persistent link: https://www.econbiz.de/10010316074

Revisiting the "compliance-vs.-rebalancing" debate in WTO scholarship: Towards a unified research agenda

Schropp, Simon A. B. - 2007

This paper constitutes an attempt to reframe and eventually deflate the ongoing 'compliance-vs.-rebalancing' debate which has permeated WTO scholarship for the last 10 years. Our main criticism concerns the substance of the entire debate. We find that scholars on both sides of the...

Persistent link: https://www.econbiz.de/10010316752

The optimal design of trade policy flexibility in the WTO

Mahlstein, Kornel; Schropp, Simon A. B. - 2007

(WTO) is an incomplete contract among sovereign states. Incomplete contracts contain gaps. Ex post, contractual gaps may …

Persistent link: https://www.econbiz.de/10010316780

Optimal hierarchies with diverse decision-makers

Puschke, Kerstin - 2007

We analyze the optimal decision-making hierarchy in an organization when decision-makers of limited liability have preferences conflicting with the organization's objective and exert externalities on their counterparts. In a horizontal hierarchy, every decision is made by a different agent. In a...

Persistent link: https://www.econbiz.de/10010299120

Will privatization reduce costs?

Lindqvist, Erik - 2007

I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...

Persistent link: https://www.econbiz.de/10010281289

Social preferences and public economics: Mechanism design when social preferences depend on incentives

Bowles, Samuel; Hwang, Sung-Ha - 2007

Social preferences such as altruism, reciprocity, intrinsic motivation and a desire to uphold ethical norms are essential to good government, often facilitating socially desirable allocations that would be unattainable by incentives that appeal solely to self-interest. But experimental and other...

Persistent link: https://www.econbiz.de/10010287796

Will Privatization Reduce Costs?

Lindqvist, Erik - Economics Institute for Research (SIR), … - 2007

the multitask framework by Holmstr�m and Milgrom (1991) with incomplete contracts.1 My main result is that private �rms … Management, 6, 567-582. Schmidt, Klaus M. (1996), �The Costs and Bene�ts of Privatization: An Incomplete Contracts Approach … private �rms undertake them if incentives are strong enough. Keywords: Privatization, public sector contracting, incomplete …

Persistent link: https://www.econbiz.de/10005423776

The Optimal Design of Trade Policy Flexibility in the WTO

Schropp, Simon; Mahlstein, Kornel - International Economics Section, The Graduate Institute … - 2007

(WTO) is an incomplete contract among sovereign states. Incomplete contracts contain gaps. Ex post, contractual gaps may …

Persistent link: https://www.econbiz.de/10004980260

Social Preferences and Public Economics: Are good laws a substitute for good citizens?

Bowles, Samuel - Department of Economics, University of Massachusetts-Amherst - 2007

, (public goods) Keywords: Social preferences, implementation theory, incentive contracts, incomplete contracts, framing …

Persistent link: https://www.econbiz.de/10010902474