The Internet's simple best-effort packet-switched architecture lies at the core of its tremendous success and impact. Today, the Internet is firmly a commercial medium involving several competitive service providers and content providers. However, current Internet architecture neither allows (i) users to indicate their value choices at sufficient granularity, nor (ii) providers to manage risks ...

Article history: Received 26 March 2014 Received in revised form 11 October 2014 Accepted 14 October 2014 Available online 24 October 2014 This paper revisits the endogenous choice problemof the strategic contracts in amixed duopoly of one public firm and one managerial private firm, with differentiated goods. This paper considers the situation wherein the separation between ownership and manag...

a unique arrangement of option contract -commitment to sell or buy by one of the parties and create some rights for the other party- has led this arrangement cannot be found similarly in the various contracts mentioned in the civil or sharia law. on the other hand approval of securities market act of the islamic republic of iran has provided legal environment for the design and issuance of opti...

The economic literature on PPPs has generally overlooked agency problems within private consortia. We provide a first contribution in this direction, relying on a simple incomplete contracts framework where a Builder and an Operator set up a Special Purpose Vehicle (SPV) to carry out a contract with the government. Because of incomplete contracts, the bundling of tasks is imperfect, and the SPV...

Standard economic models of contract imply that contracts should be highly “complex,” by which we mean (1) rich in the expected number of payoff-relevant contingencies; (2) variable in the magnitude of payoffs contracted to flow between parties; and (3) severe in the cognitive load necessary to understand the contract. Yet most realworld contracts are simple along all three of these dimensions....

We introduce a composite (CP) contract for a two-stage supply chain by organically combining two component contracts: a buy back (BB) contract and a quantity flexibility (QF) contract. The CP contract is shown to have advantages over both component contracts in terms of supply chain coordination, profit allocation, and risk allocation. In particular, we obtain the following results: (a) as long...

governmental contracts have an important place in the financial and economic system.because the transfer of funds generally is done by contracts. in other hand because of governmental economic system in our country and concentration of capital in this section, the governmental contracts has greater importance.therefore the special monitoring on various stages of contract from foundation to impl...