Incomplete contracts and strategic ambiguity

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August undefined, 2024

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 … WebApr 1, 2009 · This paper suggests that founders often use firm formation to exploit opportunities and must sometimes make organizing decisions about the allocation of control before the economic value of the opportunity can reliably be known even probabilistically.

Strategic decision-making under ambiguity: a new problem space …

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, … dunky prank calls neighbor

Incomplete Contracts and Strategic Ambiguity B. Douglas …

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 … 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. 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. dunk your teacher in the tank

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Incomplete Contracts and Strategic Ambiguity

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 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... dunkys culchethWebOrganization 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). dunkys farnworth ofsted

"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

Incomplete contracts and strategic ambiguity

WebJan 1, 2014 · The key ex post contractual inefficiencies in strategic outsourcing initiatives stem from assumptions of opportunistic behavior and cost overruns in task execution that may be attributable to the complexity and dynamism of the outsourced task. http://emaj.pitt.edu/ojs/emaj/article/view/23

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WebJSTOR Home WebMar 28, 2024 · We introduce ambiguous states into an experimental investigation of a tradeoff between contractual rigidity and flexibility. Ambiguity magnifies both parties’ …

WebIn this paper, I develop and test an alternative theory of incomplete contracts, the “strategic ambiguity hypothesis,” which posits that optimal formal contracts … WebIncomplete contracts can create scenarios that lead to inefficient investments and market failures, but incompleteness is essentially a feasibility constraint. The 'strategic ambiguity …

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

WebThe strategic ambiguity hypothesis posits that when some aspects of performance are observable but not verifiable, the optimal contract is deliberately incomplete. I test this …

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 … dunlaevy law firmWebWe 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 … dunky wrighthttp://emaj.pitt.edu/ojs/emaj/article/view/23 dun lairy rathdown planning permissionWebNov 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 … dunk your trunk brand new heaviesWeb"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 … dunk yellow and whiteWebSep 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 … dunlaith scotlandWebApr 12, 2024 · strategic ambiguity:the parties choose not to include all known and contractible contingencies in order to control strategic behavior in response to other … dunlaevy law firm greenville sc