Incomplete contracts and strategic ambiguity
WebDownloadable (with restrictions)! We consider the optimality of liquidated damages contracts in a setting of contractual ambiguity and potential for disputes. We show that when parties are ambiguity averse enough, they will optimally choose liquidated damages contracts and sacrifice risk sharing opportunities. WebFeb 3, 2012 · Luo Y., (2002) Contract, coorperation, and performance in International Joint Ventures.Strategic Management Journal, 23, pp.903-919. Mellewigt, T., A. Madhok and …
Incomplete contracts and strategic ambiguity
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WebIncomplete Contracts: An Empirical Approach. Sarath Sanga. Economics. The Journal of Law, Economics, and Organization. 2024. The strategic ambiguity hypothesis posits that when some aspects of performance are observable but not verifiable, the optimal contract is deliberately incomplete. WebNoldeke and Schmidt (1995), \Option Contracts and Renegotiation: A Solution to the Hold-up Problem," RAND Journal of Economics. Che and Sakovics (2004), \A Dynamic Theory of Holdup," Econometrica. Bernheim and Whinston (1998), \Incomplete Contracts and Strategic Ambiguity," American Economic Review.
http://www.law.harvard.edu/programs/corp_gov/papers/2009spring-Speakers_04-21_Triantis.pdf WebNov 1, 2013 · Subjective performances in optimal incentive contracts Incomplete contracts and strategic ambiguity. Jan 1994; 1125-1156902; ... (1998) Incomplete contracts and strategic ambiguity. Am Econ Rev 88 ...
WebNoldeke and Schmidt (1995), \Option Contracts and Renegotiation: A Solution to the Hold-up Problem," RAND Journal of Economics. Che and Sakovics (2004), \A Dynamic Theory of … WebI conclude that firms use strategic ambiguity to circumvent legal constraints. AB - The strategic ambiguity hypothesis posits that when some aspects of performance are …
WebIncomplete Contracts and Strategic Ambiguity By B. DOUGLAS BERNHEIM AND MICHAEL D. WHINSTON* Why are observed contracts so often incomplete in the sense that they leave contracting parties' obligations vague or unspecified? Traditional answers to this …
WebMay 1, 2012 · In section 2 we present a formal model of contracting in the presence of linguistic ambiguity. Following Grant et al. (2012a), we adopt a convenient subclass of Gul and Pesendorfer's (2013 ... graham hitch funeral homeWebJSTOR Home china green bond fundWebJan 1, 1997 · Incomplete contracts and strategic ambiguity (Discussion paper / Harvard Institute of Economic Research) [Bernheim, B. Douglas] on Amazon.com. *FREE* shipping … china great wall suv parts factoryWebApr 12, 2024 · Bernheim & Whinston (1998) Bernheim, B. Douglas and Whinston, Michael D. Incomplete contracts and strategic ambiguity. The American Economic Review, … china great wall wikipediaWebNov 1, 2024 · The strategic ambiguity hypothesis posits that when some aspects of performance are observable but not verifiable, the optimal contract is deliberately … china-greece year of culture and tourismWebJan 1, 2024 · An incomplete contract is an agreement that does not specify actions and payments for all possible contingencies. All but the simplest contracts are incomplete, containing ‘gaps’ that must be filled by negotiation, convention, or formal dispute resolution procedures such as courts and arbitration. graham holding company retirement centerWebIncomplete contracts can create scenarios that lead to inefficient investments and market failures, but incompleteness is essentially a feasibility constraint. The 'strategic ambiguity … graham hitch funeral home pleasanton