We examine a model of supply chain contracting with a purchaser that desires to acquire as much of a product as possible at as low a price as possible. The supplier in our model has private information about its limited ...

This paper analyzes the pro-competitive effects of financial long-term contracts in oligopolistic electricity markets. This is done in a model that incorporates the main features of the industry: non-storable production, ...

In practice, incentive schemes are rarely tailored to the specific characteristics of contracting parties. However, according to economic theory, optimal contracts should be highly dependent on individual conditions. We ...

Thomas Hobbes's theory of social contract has received much attention and commentary from scholars. Less attention has been given to his theory of contract as a theory of private law contracts. But it has not been noted ...

This subject is intended to offer a wide-range view on the main issues concerning the formation and performance of international commercial contracts in general and of contracts for the international sale of goods in ...

This subject is intended to offer a wide-range view on the main issues concerning the formation and performance of international commercial contracts in general and of contracts for the international sale of goods in ...