Cooperative investments and the value of contracting

Article Abstract:

An analysis of incomplete contracts yielded different results for cooperative investments and selfish investments compared to a uniform outcome for the two forms of investment in the case of complete contracts. The results showed that efficiency is realized if the parties involved agree not to renegotiate their contract. In case a commitment not to renegotiate a contract is impossible, then contracting has no value and ex post negotiation should be resorted to by the parties.

Economics, Research and Development in the Social Sciences and Humanities, Evaluation, Economic aspects, International trade, Spot market

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Contracting on time

Article Abstract:

Effects of time variable on contract investments and negotiations during a bilateral trade setting are presented.

United States, Financial management, Russia, Finance, Negotiation, mediation and arbitration, Time, Influence, Company financing

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Optimal design of research contests

Article Abstract:

The importance of competition between firms to motivate investments is examined.

Methods, Competition (Economics), Auctions

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