Incomplete contracts and strategic ambiguity

Author: lnww

August undefined, 2024

WebMay 15, 2024 · Findings The findings indicate that (1) ambiguity due to excessive changes in the bill of quantity (BOQ) (including ambiguous provisions related to BOQ changes), (2) incomplete clauses that do... WebAug 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 …

JSTOR Home

WebWe first provide an overview of the incomplete contracting literature and explore parallels between this work and the problem of AI alignment. As we emphasize, misalignment … http://www.econ.ucla.edu/sboard/teaching/contracts_07/contracts_07_syllabus.pdf how good are worcester bosch boilers

Gillian Hadfield, University of Toronto Incomplete Contracts & AI ...

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. WebNov 1, 2024 · In this article, I develop and test an alternative theory of incomplete contracts, the “strategic ambiguity hypothesis,” which posits that an optimal formal contract may be … 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 ... highest level on slotomania

Trust and collaboration in the aftermath of conflict: the effects of ...

Antecedents of Intentionally Incomplete Inter-Firm Contracts

WebJul 5, 2012 · Why are observed contracts so often incomplete in the sense that they leave contracting parties' obligations vague or unspecified? Traditional answers to this question … 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 … highest level player in tarkovWebMar 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, … highest level on wow

"WebApr 12, 2024 · We suggest that the analysis of incomplete contracting developed by law and economics researchers can provide a useful framework for understanding the AI alignment problem and help to generate a systematic approach to finding solutions. We first provide an overview of the incomplete contracting " - Incomplete contracts and strategic ambiguity

Incomplete contracts and strategic ambiguity

Explaining and Predicting the Choice of Organizational Form ...

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 … WebWhy are observed contracts so often incomplete in the sense that they leave contracting parties' obligations vague or unspecified? Traditional answers to this question invoke …

Did you know?

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 … WebNov 1, 2013 · The choice between ambiguity and commitment involves a trade-off between the potential windfall for the agent (higher with commitment) and the risk of undeserved punishment (higher with...

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). WebIncomplete contracts can create scenarios that lead to inefficient investments and market failures, but incompleteness is essentially a feasibility constraint. The 'strategic ambiguity …

WebJan 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. http://emaj.pitt.edu/ojs/emaj/article/view/23

WebIn this paper, I develop and test an alternative theory of incomplete contracts, the “strategic ambiguity hypothesis,” which posits that optimal formal contracts … highest level on steam profileWebFeb 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. highest level player on steamWebMar 28, 2024 · We introduce ambiguous states into an experimental investigation of a tradeoff between contractual rigidity and flexibility. Ambiguity magnifies both parties’ … highest level overwatch playerWebIncomplete Contracts and Strategic Ambiguity. B. Douglas Bernheim and Michael Whinston. American Economic Review, 1998, vol. 88, issue 4, 902-32 Abstract: Why are observed … highest level scorpid tbcWebStrategic 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... highest level player in black desert onlineWebSep 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, … highest level reached in candy crushWebMar 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 … highest level reached in fallout 4