On information security outsourcing market, an important reason that firms do not want to let outside firms(usually called MSSPs-Managed Security Service Providers) to take care of their security need is that they worry about service quality MSSPs provide because they cannot monitor effort of the MSSPs. Since MSSPs action is unobservable to buyers, MSSPs can lower cost by working less hard than...

In the search for greater efficiency and cost-containment, many health systems have introduced the practice of medical care providers operating under a fixed budget, often referred to as the capitation or fundholding contract. Although the capitation contract seems equitable at first glance, the sequential decision-making practice of providers-shaped by their rate of present-preference and thei...

finally a specific act regarding contracts of the sale of future building ratified in iran, in 89/5/24. this act necessitated getting license for announcement of sale of future, advertisement, ending the construction of the building foundation at the time of the contract, formal contract, specifying the fines for the delay in carrying out the commitments of transferring the gradual possession t...

Inventory models in which the demand rate dependents on the stock- dependent are based on the common real- life observation that greater product availability tends to stimulate more sales. In this study we develop an inventory model to determine an optimal ordering policy for quantity dependent demand rate and time dependent holding cost items with delay in payments permitted by the supplier un...

We study infinitely repeated two player games with perfect information, where each period consists of two stages: one in which the parties simultaneously choose an action and one in which they can transfer money to each other. We first derive simple conditions that allow a constructive characterization of all Paretooptimal subgame perfect payoffs for all discount factors. Afterwards, we examine...

(a) (Limited) Commitment and renegotiation (b) Payments and enforcement are chosen optimally as part of a PBNE (c) Information revelation (d) Stochastic versus deterministic contracts (debt is optimal when commitment is limited) 3. Enforcement and firm finance: Krasa, Sharma and Villamil [7] (a) The model (b) The effect of c on firm finance (c) The effect of η on firm finance

This paper discusses the features of the labor market outcome in the presence of homogeneous labor and multiple unions. It is argued that contract curve agreements, or at least efficient bargaining among unions, may be improved upon by a solution with differential or non-uniform wage payments for workers affiliated to different unions. The equilibrium solution in terms of employment and/or wage...

In today’s business transactions, it is frequently observed that a customer is allowed some grace period (permissible delay in payment) before settling the account with the supplier or producer. This policy is advantageous both for the supplier and customer since supplier attracts more customers and customer does not have to pay any interest during this fixed period either. In this paper, the r...