insurer companies frequently reinsure part of their risks before reinsurers. the question of right of action of the insured against the reinsurer then arises. the common response to this question is negative because of the principle of the privacy of contracts. however, courts, particularly in the united states, have recognized this direct action on various grounds, especially in case of insolv...

contract, electronic community, governance, e-commerce architecture We present work-in-progress towards a high-level e-commerce architecture for the electronic marketplace. We separate out the main components responsible for trading based on contractual relationships and trusted service delivery. In this setting, we view an enterprise as an autonomous entity that interacts with others according...

In markets where transactions are governed by contractual incompleteness, revealed intentions to evade taxes may affect market performance. We experimentally examine the impact of tax evasion attempts on the performance of credence goods markets, where contractual incompleteness results from asymmetric information on the welfare maximizing quality of the good. We find that tax evasion attempts ...

We consider nonlinear nonconvex capacitated transportation problems where the nonlinearity occurs only in the last row of the transportation tableau. This transportation model can be successfully applied to economics representing the nonlinearity caused by penalties for unsatis®ed contractual quantities or by changing in price. An algorithm for local optimization, based on the algorithms for so...

the contract looks like the natural law. this means the negation of the principle of the autonomy of the will and the will of legislator as a basis for the validity of contractual content would be rejected. because the foundation of creation and validity of natural law would not be the will, but natural justice and natural equity. therefore, the foundation of the validity for such a contract- s...

The following section will present a complete description of how value chains work within the biofuel industry and legal informal arrangements are establish to ease these chains’ functioning. This is particularly useful understand benefits responsibilities distributed from socioeconomic perspective.