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Incomplete contracts and strategic ambiguity

WebJan 1, 2016 · Incomplete Contracts and Strategic Alliances. ... (1998). I ncomplete contracts and strategic ambiguity. American Economic Review, 902-932. Bolton, Patrick, and Mathias Dewatripont. (2005). 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 ...

Ambiguity and contractual incompleteness - Taylor & Francis

WebMar 17, 2010 · A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach Show all authors. Jongwook Kim. Jongwook Kim. ... Incomplete contracts and strategic ambiguity. American Economic Review, 88: 902-932. Google Scholar ISI. Besen, S.M. , & Raskind, L.J. 1991. WebJan 1, 2014 · In particular, the ability of the client and the vendor to anticipate and specify contingencies in the outsourcing relationship through more complete contracts is limited, given the responsiveness of strategic business processes to changing business needs, necessitating greater strategic ambiguity and incomplete contracts (Bernheim and … incorrect column count: expected 1 actual 13 https://michaeljtwigg.com

Antecedents of Intentionally Incomplete Inter-Firm Contracts

WebDec 19, 2015 · Incomplete contracts and strategic ambiguity. American Economic Review, 88(4), 902–932. Google Scholar Bertelsen, S. et al. (2003). Avoiding and managing chaos in projects. In 11th Annual Conference in the International Group for Lean Construction (pp. 1–14). Google Scholar Biggiero, L. (2001). Sources of complexity in human systems. WebMar 17, 2010 · A Strategic Theory of the Firm as a Nexus of Incomplete Contracts: A Property Rights Approach. Jongwook Kim and Joseph T. Mahoney View all authors and ... Incomplete contracts and strategic ambiguity. American Economic Review, 88: 902-932. Google Scholar. Besen, S.M., & Raskind, L.J. 1991. An introduction to the law and … WebI conclude that firms use strategic ambiguity to circumvent legal constraints. AB - The strategic ambiguity hypothesis posits that when some aspects of performance are … incorrect column count: expected 1 actual 16

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Incomplete contracts and strategic ambiguity

EconPapers: Incomplete Contracts and Strategic Ambiguity

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. WebJan 1, 1997 · Incomplete contracts and strategic ambiguity (Discussion paper / Harvard Institute of Economic Research) [Bernheim, B. Douglas] on Amazon.com. *FREE* shipping …

Incomplete contracts and strategic ambiguity

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WebIncomplete contracts can create scenarios that lead to inefficient investments and market failures, but incompleteness is essentially a feasibility constraint. The 'strategic ambiguity … WebABSTRACT. We suggest that the analysis of incomplete contracting developed by law and economics researchers can provide a useful framework for understanding the AI …

WebNov 1, 2024 · The strategic ambiguity hypothesis posits that when some aspects of performance are observable but not verifiable, the optimal contract is deliberately … WebIncomplete Contracts and Strategic Ambiguity. B. Douglas Bernheim and Michael Whinston. American Economic Review, 1998, vol. 88, issue 4, 902-32 Abstract: Why are observed …

WebSep 9, 2016 · We investigate (1) whether frms deliberately write incomplete contracts, and (2) if so, under which conditions. a better understanding of this phenomenon is important, because research shows that incomplete contracts can yield higher results than fully specifed ones. p]We investigate these questions using the grounded theory methodology … WebJan 1, 2009 · incomplete contracts might be chosen b y agents who face strategic ambiguity. Spier (1992) has. ... Mukerji and T alon (2001) discussed incomplete contracts in the presence of the decision-theoretic.

WebIncomplete Contracts: An Empirical Approach. Sarath Sanga. Economics. The Journal of Law, Economics, and Organization. 2024. The strategic ambiguity hypothesis posits that …

WebMar 28, 2024 · We introduce ambiguous states into an experimental investigation of a tradeoff between contractual rigidity and flexibility. Ambiguity magnifies both parties’ … inclination\\u0027s htWebWhy are observed contracts so often incomplete in the sense that they leave contracting parties' obligations vague or unspecified? Traditional answers to this question invoke … inclination\\u0027s hqWebNoldeke 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. incorrect column count: expected 1 actual 19http://www.law.harvard.edu/programs/corp_gov/papers/2009spring-Speakers_04-21_Triantis.pdf inclination\\u0027s hvWebIncomplete 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 … inclination\\u0027s ibWebTransaction costs explain why contracts are incomplete and fail to specify fully the optimal obligations in each possible future state of the world. One cause of incompleteness is the cost of litigating and enforcing contracts. Contract theorists focus ... Strategic Vagueness in Contract Design Version: April 3, 2009 ... inclination\\u0027s hxWebSep 9, 2016 · We investigate (1) whether frms deliberately write incomplete contracts, and (2) if so, under which conditions. a better understanding of this phenomenon is important, … inclination\\u0027s hu