Outcome-based Contracts – Towards Concurrently Designing Products and Contracts
نویسندگان
چکیده
منابع مشابه
Designing Contracts for Business Networks
Economic activities within and between networked organizations can be coordinated via hierarchies (internal coordination) or markets (external coordination). There are theories that explain both agency theory (Jensen transaction cost economics (Williamson, 1985). It is assumed that networked organizations design their organization and network of trading partners such that the sum of internal an...
متن کاملTowards Model-Checking Contracts
We understand by a contract a document written in natural language which engages several parties into a transaction, and which stipulates commitments (obligations, rights, and prohibitions) of the parties. Moreover the contract specifies also reparations in case of contract violation (i.e. some obligations or prohibitions are not respected). Because the human language is ambiguous by nature, co...
متن کاملContracts for healthcare referral services: Coordination via outcome-based penalty contracts
This work focuses on the B2B interaction between a service requester and a service provider in a healthcare environment. The requester is the primary caregiver responsible for managing the health of a population of patients. When a patient requires advanced care outside the requester’s expertise, the requester refers the patient to a provider and pays for the referral services. Treatment may su...
متن کاملAnalytical Models for Designing Pharmaceutical Contracts
We develop the first integrated analytical framework to study contract and pricing strategies in the pharmaceutical industry. We demonstrate how this framework can be used to analyze optimal contract and pricing decisions for insurers and manufacturers, including recent pricing practices such as manufacturer’s coupons and risk-sharing contracts. We discuss the implications of these decisions fo...
متن کاملRevisiting Incentive-Based Contracts
Incentive-based pay is rational, intuitive, and popular. Agency theory tells us that a principal seeking to align its incentives with an agent's should be able to simply pay the agent to achieve the principal's desired results. Indeed, this strategy has long been used across diverse industries-from executive compensation to education, professional sports to public service-but with mixed results...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Procedia CIRP
سال: 2017
ISSN: 2212-8271
DOI: 10.1016/j.procir.2016.09.017