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economies result in different processes of contract lawmodernization in the two countries, with important implications for … production" (DQP) inter-firm strategies.This is promoted through highly regulative contract laws and the existence ofstrong trade … strongly supporting DQPstrategies and discouraging opportunistic product market strategies, Germanpatterns of contract law …
Persistent link: https://www.econbiz.de/10010304120
more costly option for customers who have not switched to an alternative contract yet. As most German households are served … with this contract type we follow the Limit Pricing theory and show that standard contract price could be used as an … contract price could increases the incumbent's profit. We then analyze our theoretical findings employing data for German …
Persistent link: https://www.econbiz.de/10010307842
Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...
Persistent link: https://www.econbiz.de/10010274852
the fairs. It finds that contract enforcement at the fairs did not take the form of private-order or corporative …
Persistent link: https://www.econbiz.de/10010274973
can be withdrawn after observation of competitors' contract offers. We show that an equilibrium always exists where … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained …
Persistent link: https://www.econbiz.de/10010275004
any contract under unobservable effort, it is not practicable to insist that the agent reveal his true effort level … through increased transparency. Rather, the optimal contract must specify proper incentives and a minimum contractible level …
Persistent link: https://www.econbiz.de/10010275096
The process of selling a state-owned company in former centrally planned economies (CPEs) differs greatly from that of buying a private company in western market economies. While a private seller is normally interested in selling his portfolio expensively, a privatizing agency in CPEs has...
Persistent link: https://www.econbiz.de/10010275130
The protection of the global environment is impeded by multilateral externalities which the international community attempts to bring under control by entering into international agreements. International agreements, however, can suffer from non-compliance and free-riding behaviour by sovereign...
Persistent link: https://www.econbiz.de/10010276792
We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the …
Persistent link: https://www.econbiz.de/10010276832
consumer electronics, and club memberships. We demonstrate that consumption is affected by contract structure (pay-peruse vs …. We also measure subjects' willingness to pay for a contract with free access units, and we find that nearly half of … strategy is therefore to offer a contract that presells access units at a very small discount; this strategy increases revenue …
Persistent link: https://www.econbiz.de/10010280840