Incomplete contracts and strategic ambiguity
WebMar 27, 2024 · To do so, we adapted the nine kinds of uncertainty in environmental governance proposed by Dewulf and Biesbroek to the more general context of negotiations. We first differentiate between three natures of uncertainty (i.e., lack of knowledge, unpredictability, and interpretations) and three objects of uncertainty (i.e., issue-based, …
Incomplete contracts and strategic ambiguity
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WebAmerican Economic Review, 88 (4), 1998, 902-932. Why are observed contracts so often incomplete in the sense that they leave contracting parties' obligations vague or … WebAbstract We consider a principal's choice between either controlling an agent's action through an incomplete contract or guiding him through non-binding communication. The principal anticipates receiving private information and must hire an agent to …
Webscholars, students and policy makers alike. 22 articles, dating from 1975 to 2003 Incomplete Contracts and Strategic Ambiguity - Jun 05 2024 Coalition-proof Nash Equilibria - Mar 02 2024 Economic Analysis for Business Decisions (from Bernheim & Whinston's Microeconomics) - ... complex area of exclusionary vertical contracts is perhaps the most ... Webthe next section, a more precise definition of strategic ambiguity is offered. Defining Strategic Ambiguity Before a definition of strategic ambiguity can be considered, I must provide a philosophical context for its understanding. The present definition of ambi-guity is a direct outgrowth of the relativist view of meaning. This Ambiguity as ...
WebNov 1, 2024 · Incomplete Contracts: An Empirical Approach November 2024 Authors: Sarath Sanga Abstract The strategic ambiguity hypothesis posits that when some aspects of … WebJSTOR Home
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 A.Weibel (2007) Trust and Formal Contracts in Interorganizational Relationships – Substitutes and Complements. Managerial and Decision Economics 28: 833-847.
WebOrganization theory suggests that various forms of performance ambiguity have governance implications for the strategic choice of control mechanism in organizational forms (e.g., Eisenhardt, 1985; Ouchi, 1979). Transaction costs theory emphasizes asset specificity as an important predictor of organizational form (e.g., Williamson, 1996). east coast beach house rentalsWebStrategic ambiguity in policy formulation: exploring the function of the term “township and village enterprises” in china’s industrial ownership reforms DOI: Authors: Shuanping Dai Jilin... east coast beach map usaWebMar 28, 2024 · We introduce ambiguous states into an experimental investigation of a tradeoff between contractual rigidity and flexibility. Ambiguity magnifies both parties’ … cube magnetic ballsWebJan 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. cube lyricsWebIncomplete 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. I test this result for the first… Expand 13 PDF east coast beach house plansWebJan 1, 2016 · Property rights theory and the empirical literature that tests it in the context of strategic alliances generates two main insights: (1) that asset ownership and control rights specified in... cube makeoverWebAug 2, 2016 · Date Written: May 22, 2024 Abstract The strategic ambiguity hypothesis posits that when some aspects of performance are observable but not verifiable, the … cube manager