In this paper we study experimentally four remedies to overcome inefficiencies that arise from the incompleteness of contracts. These remedies are reciprocity, repeated game effects, social embeddedness, and incentive contracts. In our baseline treatment we find that reciprocity is a powerful contract enforcement device. A second experiment establishes that repeated game effects interact with r...

Research on user interaction on air traffic control can lead to dealing with new air traffic management (ATM) concepts. That is especially the case for research on collaboration tools between controllers. Focusing on collaborations quickly shows ATM as a workflow, that is an information-based process where many different actors interact in succession with the same pieces of information. In this...

This paper presents an incentive scheme to control agricultural non-point-source pollution. The analysis is based on a nested agent framework with three parties; farmers, a country’s government, and the governments of all countries that affect each other’s environmental quality. Unlike previous analysis of incentive schemes to control agricultural pollution, we suggest non-individual contracts ...

one of the major problems for the implementation of infrastructure projects in various sectors of the economy, especially the energy sector, is the lack of liquidity. to solve this problem, project financing is created. bot contracts comprise one of the most common methods, particularly in infrastructure and energy sectors, and build-lease-transfer (blt) is a relatively new method of this appro...

banks' major responsibility, as the largest financial intermediaries, is to provide and allocate resources. this activity has its own risks which cause banks to seek ways of preventing or transferring them to other places. islamic banks as substitutes of conventional banks in islamic countries have, in their turn, faced similar risks. in regard to new evolutions in banking industry and man...