Economic performance depends crucially on how parties adapt to changing circumstances. We therefore study how the organization of economic activity can facilitate such adaptation. We focus on settings where spot transactions would produce inefficient adaptation, so we ask whether alternative governance structures (allocations of control) facilitate relational contracts that improve on spot adap...

：Online game is a typical E-business indusry. Firstly, the problem is pointed out that the present researches on supply chain contracts designed for tangible traditional products have not considered the characteristic of intangible products such as online game industry. Secondly, the members and operation progress of the supply chain are explored in online game industry. Thirdly, a new supply c...

One good quantitative means of gauging research progress is through like-forlike comparative evaluation of software implementations and algorithms. However, a notable omission from the work in the new field of electronic contracting, is a standard means of evaluating performance of the components used for contract consistency-checking and monitoring, against earlier approaches. In this paper we...

This paper studies the design of optimal contracts in dynamic environments where agents have private information that is persistent. In particular, I focus on a continuous time version of a benchmark insurance problem where a risk averse agent would like to borrow from a risk neutral lender to stabilize his income stream. The income stream is private information to the borrower and is persisten...

The paper studies a general model of hold-up in a setting encompassing the models of Segal (1999) and Che and Hausch (1999) among others. It is shown that if renegotiation is modeled as an infinite-horizon non-cooperative bargaining game then, with a simple initial contract, an efficient equilibrium will generally exist. The contract is robust in the sense that it does not depend on fine detail...

Model driven engineering is a software engineering methodology that aims to manage the complexity of frameworks by relying on models and transformations. Unfortunately it is only poorly understood where and how this new methodology differs from traditional methodologies. Therefore, this paper formalizes how contract based model transformation extends existing design by contract theory. The key ...

Contract manufacturers always complain the accuracy of forecasts given by brand customers. This fact induces manufacturers’ burden on preparing extra materials and reserving extra capacities. To ensure profits, contract manufacturers have to add extra number on quotations. It makes the relations between brand customers and contract manufacturers even more brittle. Therefore, well-organized comm...