Pricing Policies in Government Contracts

Policies in Relational Contracts

How should a firm set policies– public decision plans that determine the role of its employees, divisions, and suppliers– to strengthen its relationships? We explore whether and how a principal might bias the decisions she makes to foster relational contracts with her agents. To this end, we examine a flexible dynamic game between a principal and several agents with unrestricted vertical transf...

Policies in Accountable Contracts

In this paper, accounting policies explicitly control resource usage within a contract architecture. Combined with a virtual resource economy, this allows efficient exchange of high-level computer services between untrustworthy participants. These services are specified as contracts, which must be signed by the participants to take effect. Each contract expresses its accounting policy using a l...

Pricing policies

government contracts

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Tax Contracts and Government Formation

We examine how tax contracts affect government formation and welfare of voters in a parliamentary democracy. A tax contract specifies a range of tax rates a party is committed to if in government. We develop a new model of party competition and show that the introduction of tax contracts has two effects: a perks-reduction effect and a policy-shift effect. The former is dominant in societies wit...