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Dynamic network utility maximization with delivery contracts
Variation of network the matrix the flow the numerical values
2015/8/10
We consider a multi-period variation of the network utility maximization problem that includes delivery constraints. We allow the flow utilities, link capacities and routing matrices to vary over time...
Restrictions on Jurisdiction Clauses in Consumer Contracts within the European Union
Consumer Contracts Jurisdiction Clauses
2015/8/4
Jurisdiction clauses in cross-border consumer contracts may contravene the consumer’s interests. This article examines whether the European consumer, when entering into international contracts, is pro...
AN EMPIRICAL ANALYSIS OF THE IMPACT OF HEDGE CONTRACTS ON BIDDING BEHAVIOR IN A COMPETITIVE ELECTRICITY MARKET
THE IMPACT COMPETITIVE ELECTRICITY MARKET
2015/7/31
A major concern in the design of wholesale electricity markets is the potential for
the exercise of market power by generating unit owners. To better understand the
determinants of generating unit...
Report on “Proposal for Determining and Assigning the Reliability Charge for the Wholesale Energy Market” and “Electronic System of Standardized Long-Term Contracts (SEC)”
Determining and Assigning Reliability Charge
2015/7/31
The Comisión de Regulación de Energía y Gas (CREG) has proposed a new
mechanism for determining and assigning the reliability charge in the Colombian
wholesale electricity market (CxC) and an elec...
Competitive Wages in a Match with Ordered Contracts
Competitive Wages in a Match Ordered Contracts
2015/7/23
In response to a recently dismissed antitrust lawsuit against the National Residency Matching Program (NRMP), Jeremy Bulow and Jonathan Levin (2006) show that when firms set impersonal salaries simult...
Multitask Principal-Agent Analyses:Incentive Contracts,Asset Ownership and Job Design
Multitask Principal-Agent Analyses Incentive Contracts Asset Ownership Job Design
2015/7/21
Multitask Principal-Agent Analyses:Incentive Contracts,Asset Ownership and Job Design.
Short Term Contracts and Long Term Agency Relationships
Short Term Contracts Long Term Agency
2015/7/21
Short Term Contracts and Long Term Agency Relationships.
Matching with Contracts
Matching Contracts
2015/7/21
We develop a model of matching with contracts which incorporates, as special cases, the college admissions problem, the Kelso-Crawford labor market matching model, and ascending package auctions. We i...
INCOMPLETE CONTRACTS AND THE INTERNAL ORGANIZATION OF FIRMS
INCOMPLETE CONTRACTS INTERNAL ORGANIZATION FIRMS
2015/7/15
We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decision-making...
Risk, Incentives, and Contracts: Partnerships in Rio de Janeiro, 1870–1891
Risk Incentives Contracts
2015/7/15
We construct an individual-level data set of partnership contracts in
late-nineteenth-century Rio de Janeiro to study the determinants of contract
terms. Partners with limited liability contribute...
Locally Robust Contracts for Moral Hazard
contract principal-agent problem local robustness worst-case
2015/7/15
We consider a moral hazard problem in which the principal has a slight uncertainty about how the agent’s actions translate into output. An incentive contract
can be made robust against an ǫ amou...
Dynamic Network Utility Maximization with Delivery Contracts
Dynamic Network Utility Maximization Delivery Contracts
2015/7/10
We consider a multi-period variation of the network utility maximization problem that includes delivery constraints. We allow the flow utilities, link capacities and routing matrices to vary over time...
Relational Contracts and Organizational Capabilities
Competitive Advantage Motivation and Incentives Management Practices and Processes Contracts Competency and Skills Relationships Complexity
2015/4/27
A large literature identifies unique organizational capabilities as a potent source of competitive advantage, yet our knowledge of why capabilities fail to diffuse more rapidly-particularly in situati...
Laws vs. Contracts:Legal Origins,Shareholder Protections,and Ownership Concentration in Brazil,1890–1950
Voting Entrepreneurship Investment Governance Controls Contracts Laws and Statutes Ownership Stake Brazil
2015/4/22
The early development of large multidivisional corporations in Latin America required much more than capable managers, new technologies, and large markets. Behind such corporations was a market for ca...
The career paths of agricultural workers: What is the impact of temporary contracts?
competing risks duration dependence multilevel temporary employment transition
2014/12/18
Agriculture, more than any other sector, is a provider of temporary jobs. The main aim of the paper is to analyze the impact of the temporary contract in agriculture on the probability of remaining em...