Article history: Received 25 February 2011 Received in revised form 31 March 2012 Accepted 29 August 2012 Available online 7 September 2012 Real option analysis has been applied to strategies of market entry and global expansion, predominantly in combination with the formation of alliances and joint ventures. Albeit joint venturing based on option pricing theory is studied in both disciplines, ...

In line with the widely applied principle of just deserts, we assume that the severity of the penalty on a contract offender increases in the harm on the other. When this principle holds, the influence of the efficiency of the agreement on the incentives to abide by it crucially depends on whether actions are strategic complements or substitutes. With strategic substitutes, there is a conflict ...

Much recent work in automated contracting in multiagent environments has focused on the design and analysis of protocols that encourage customers and suppliers to negotiate fairly, and that attempt to reduce unproductive strategic counterspeculation. Most of these studies focus on how the static structure of the protocol may result in strategic behavior on the part of the participants. In this ...

This paper develops a model in which a firm writes labour contracts with workers and debt contracts with creditors. Firms have more information than do the owners of the factors of production and they are also subject to limited liability. We show that if the limited liability constraint is binding then the employment level is inefficient relative to a situation of symmetric information. The fi...

A management framework has been successfully utilized at Imperial College London in the United Kingdom to improve the process for developing and managing university-industry research collaborations. The framework has been part of a systematic approach to increase the level of research contracts from industrial sources, to strengthen the university’s academic base, and to diversify the provision...

the 1965 washington convention on the settlement of investment disputes between states and nationals of other states created international center for settlement of investment disputes (icsid). this center conducts investment disputes arbitration according to the rules of the convention. the choice of law rules of the washington convention have been provided in article 42. second sentence of art...

background prediction of skeletal growth is necessary for growth modification and surgical orthodontic treatments and is usually done by assessing skeletal maturity indicators in hand-wrist radiographs. the use of growth stages of cervical vertebrae in lateral cephalograms has been suggested to avoid overexposure. objectives this study seeks to assess the degree of agreement between hand-wrist ...

Agreement Patterns have been defined for improving communication in software and services development, as well as for providing a practitioner oriented approach for reusing existing agreement technologies. This article presents the notion of agreement patterns, their structure and some of the first identified examples.