Internet users such as individuals and organizations are subject to different types of epidemic risks such as worms, viruses, and botnets. To reduce the probability of risk, an Internet user generally invests in self-defense mechanisms like antivirus and antispam software. However, such software does not completely eliminate risk. Recent works have considered the problem of residual risk elimin...

The present study identifies the richness levels of various Internet media and empirically examines the moderating effects of Internet media richness (rich and lean media) and Internet communication governance mechanisms (legal contracts and relational norms) on the relationships between rich and lean information communication, and exchange outcomes. This study uses regression analysis to analy...

We investigate how explicit performance incentives in incomplete employment contracts interact with agents’ voluntary cooperation in one-shot and repeated gift-exchange experiments. If contracts are incentive compatible, agents choose their best-reply effort and there is no voluntary cooperation. By contrast, there is substantial voluntary cooperation if the contract is not incentive compatible...

When a partnership comes to an end partners have to determine the terms of the dissolution. A well known way to do so is by enforcing a buy/sell option. Under its rules one partner has to offer a price for the partnership and the other agent can choose whether she wants to sell her share or buy her partner’s share at this price. It is well known that in a model with private valuations this diss...

Lack of coordination for prudential regulation hurts developing economies but benefits advanced economies. We consider a two-country macro model in which countries have limited ability to issue state-contingent contracts international markets, and equilibrium is constrained inefficient. Both incentives stabilize their economy by using limits, the emerging depends on bear global risk. Intermedia...

Synchronization contracts facilitate the development and analysis of multi-threaded programs and can be used to guard against serialization vulnerabilities, which pose serious security risks and which are very difficult to detect. In practice, however, real applications cannot be written entirely with a language that supports synchronization contracts, but must incorporate system libraries and ...

This paper studies revenue-sharing contracts in distribution chains in the presence of win-win conditions. Revenue-sharing contracts are a mechanism to coordinate the firms in a distribution chain. Under these contracts the retailer shares its revenue with the supplier in exchange for a lower wholesale price. The win-win conditions are natural conditions requiring that the profit of any firm ma...

Delineating protected areas for sensitive species is a growing challenge as changing climate alters the geographic pattern of habitats as well as human responses to those shifts. When human impacts are expected within projected ranges of threatened species, there is often demand to demarcate the minimum habitat required to ensure the species' persistence. Because diminished or wide-ranging popu...

We provide a theory of the determination of exchange rates based on capital flows in imperfect financial markets. Capital flows drive exchange rates by altering the balance sheets of financiers that bear the risks resulting from international imbalances in the demand for financial assets. Such alterations to their balance sheets cause financiers to change their required compensation for holding...