Short Term Long Term And Continuing Contracts

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Short Term Long Term And Continuing Contracts

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Author : Maija Halonen-Akatwijuka
language : en
Publisher:
Release Date : 2015

Short Term Long Term And Continuing Contracts written by Maija Halonen-Akatwijuka and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Contracts categories.

Parties often regulate their relationships through "continuing" contracts that are neither long-term nor short-term but usually roll over. We study the trade-off between long-term, short-term, and continuing contracts in a two period model where gains from trade exist in the first period, and may or may not exist in the second period. A long-term contract that mandates trade in both periods is disadvantageous since renegotiation is required if there are no gains from trade in the second period. A short-term contract is disadvantageous since a new contract must be negotiated if gains from trade exist in the second period. A continuing contract can be better. In a continuing contract there is no obligation to trade in the second period but if there are gains from trade the parties will bargain "in good faith" using the first period contract as a reference point. This can reduce the cost of negotiating the next contract. Continuing contracts are not a panacea, however, since good faith bargaining may preclude the use of outside options in the bargaining process and as a result parties will sometimes fail to trade when this is efficient.

Continuing Contracts

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Author : Maija Halonen-Akatwijuka
language : en
Publisher:
Release Date : 2016

Continuing Contracts written by Maija Halonen-Akatwijuka and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.

Parties often regulate their relationships through “continuing” contracts that are neither long-term nor short-term but usually roll over: a leading example is a standard employment contract. We argue that what distinguishes a continuing contract from a short-term (or fixed-term) contract is that parties apply notions of fairness, fair dealing, and good faith as they revise the terms of the contract: specifically, they use the previous contract as a reference point. We show that a continuing contract can reduce (re)negotiation costs relative to a short-term or long-term contract when there is uncertainty about future gains from trade. However, fair dealing may limit the use of outside options in bargaining and as a result parties will sometimes fail to trade when this is efficient. For-cause contracts, where termination can occur only for a good reason, can reduce this inefficiency.

Long Term And Short Term Contract In A Mixed Market

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Author : Eduardo Roca
language : en
Publisher:
Release Date : 2005

Long Term And Short Term Contract In A Mixed Market written by Eduardo Roca and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.

With a two-period mixed oligopolistic framework, this paper analyses the interaction between the length of incentive contracts and market behaviour. Assuming an environment in which firms choose either a long-term or short-term contract, we examine how contracts differ between public and private firms. The results show that the contracts would differ completely among firms; public firm prefers to make a short-term contract while private firm makes a long-term contract.

Long Term Relationships Governed By Short Term Contracts

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Author : Vincent P. Crawford
language : en
Publisher:
Release Date : 1986

Long Term Relationships Governed By Short Term Contracts written by Vincent P. Crawford and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Contracts categories.

Long Term And Short Term Labor Contracts Versus Long Term And Short Term Financial Contracts

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Author : Josep A. Tribó
language : en
Publisher:
Release Date : 1997

Long Term And Short Term Labor Contracts Versus Long Term And Short Term Financial Contracts written by Josep A. Tribó and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Credit categories.

Long Term And Short Term Labor Contracts Versus Long Term And Short Term Debt Financial Contracts

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Author :
language : en
Publisher:
Release Date : 1997

Long Term And Short Term Labor Contracts Versus Long Term And Short Term Debt Financial Contracts written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.

Long Term And Short Term Labor Contracts Versus Long Term And Short Term Financial Contracts

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Author : Josep Tribó Giné
language : en
Publisher:
Release Date : 1997

Long Term And Short Term Labor Contracts Versus Long Term And Short Term Financial Contracts written by Josep Tribó Giné and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.

Preference For Short Term Contracts With The Incentive To Learn

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Author : Zhigang Tao
language : en
Publisher:
Release Date : 1995

Preference For Short Term Contracts With The Incentive To Learn written by Zhigang Tao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.

Short Term Contracts Long Term Contracts And Government Regulation

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Author : Michael L. Davis
language : en
Publisher:
Release Date : 1982

Short Term Contracts Long Term Contracts And Government Regulation written by Michael L. Davis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with categories.

Where Tenure Does Not Reign

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Author : Richard Chait
language : en
Publisher: Taylor & Francis
Release Date : 2023-07-03

Where Tenure Does Not Reign written by Richard Chait and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-03 with Education categories.

Presents the experiences of campuses without tenure and campuses where faculty may choose tenure or contracts. Issues covered include academic freedom, faculty recruitment, selectivity, turnover, and reward structures. Answers the question, "What lessons can be learned from campuses with contract systems?"