Search Results - subject:"Long-term contracting"

Rudanko, Leena; Krusell, Per - 2015

Persistent link: https://www.econbiz.de/10012171697

Long-term contracting in a changing world

Pavan, Alessandro - 2007

I study the properties of optimal long-term contracts in an environment in which the agent.s type evolves stochastically over time. The model stylizes a buyer-seller relationship but the results apply quite naturally to many contractual situations including regulation and optimal...

Persistent link: https://www.econbiz.de/10010266317

Long-term contracting in a changing world

Pavan, Alessandro - 2007

I study the properties of optimal long-term contracts in an environment in which the agent's type evolves stochastically over time. The model stylizes a buyer-seller relationship but the results apply quite naturally to many contractual situations including regulation and optimal...

Persistent link: https://www.econbiz.de/10010282889

Long-Term Contracting in a Changing World

Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2007

Long-term Contracting in a Changing World Alessandro Pavany First version: May 2007. This version: December 2007 …: D82, C73, L1. Keywords: asymmetric information, stochastic process, dynamic mechanism design, long-term contracting I …. yDepartment of Economics, Northwestern University. Email: alepavan@northwestern.edu 1 1 Introduction Long-term contracting plays …

Persistent link: https://www.econbiz.de/10005766923

Long Term Contracting in a Changing World

Pavan, Alessandro - Center for Mathematical Studies in Economics and … - 2007

Persistent link: https://www.econbiz.de/10008597105

Specificity revisited: The role of cross-investments

Ellman, Matthew - Department of Economics and Business, Universitat … - 2004

way to commit themselves to trading jointly, but only when long-term contracting is infeasible. This paper proves that … speciÞcity can also be optimal (by relaxing the budget-balance constraint) in settings with long-term contracting. Traders will …

Persistent link: https://www.econbiz.de/10005704892

Co-movement, Capital and Contracts : 'Normal' Cycles Through Creative Destruction

Francois, P.; Lloyd-Ellis, H. - Tilburg University, Center for Economic Research - 2003

We develop a unified theory of endogenous business cycles in which expansions are neoclassical growth periods driven by productivity improvements and capital accumulation, while downturns are the result of Keynesian contractions in aggregate demand below potential output. Recessions allow...

Persistent link: https://www.econbiz.de/10011090654

Integrating Long- and Short-Term Contracting via Business-to-Business Exchanges for Capital-Intensive Industries

Kleindorfer, Paul R.; Wu, D. J. - In: Management Science 49 (2003) 11, pp. 1597-1615

This paper surveys the underlying theory and practice in the use of options in support of emerging business-to-business (B2B) markets. Such options, on both capacity and output, play an important role in integrating long- and short-term contracting between multiple buyers and sellers in such...

Persistent link: https://www.econbiz.de/10009191766