Incomplete contracts and strategic ambiguity
WebJSTOR Home 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 …
Incomplete contracts and strategic ambiguity
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WebNov 2, 2024 · Ambiguity is a recognized, and often explicitly described, factor that makes strategic decisions even more challenging. It appears as one main reason that … WebABSTRACT. We suggest that the analysis of incomplete contracting developed by law and economics researchers can provide a useful framework for understanding the AI …
WebJan 1, 1997 · Incomplete contracts and strategic ambiguity (Discussion paper / Harvard Institute of Economic Research) [Bernheim, B. Douglas] on Amazon.com. *FREE* shipping … WebNov 1, 2013 · Subjective performances in optimal incentive contracts Incomplete contracts and strategic ambiguity. Jan 1994; 1125-1156902; ... (1998) Incomplete contracts and strategic ambiguity. Am Econ Rev 88 ...
Web"Incomplete Contracts and Strategic Ambiguity," American Economic Review, American Economic Association, vol. 88(4), pages 902-932, September. B. Douglas Bernheim & Michael D. Whinston, 1997. " Incomplete Contracts and Strategic Ambiguity ," Harvard Institute of Economic Research Working Papers 1787, Harvard - Institute of Economic … 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 ...
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 …
http://www.econ.ucla.edu/sboard/teaching/contracts_07/contracts_07_syllabus.pdf containing or resembling butterWebJul 5, 2012 · Incomplete Contracts and Strategic Ambiguity. Authors. B Douglas Bernheim; Michael D Whinston; Publication date. Publisher. Abstract Why are observed contracts so … effects of cumin on the bodyWebJan 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 … containing nuclear wasteeffects of cyanide exposureWebMar 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 … containing or requiring molecular oxygen o2 :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 … containing one set of single chromosomes nWebthe 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 ... containing operating costs