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Contract Structure For Joint Production: Risk And Ambiguity Under Compensatory Damages, Michael D. Ryall, Rachelle C. Sampson
Contract Structure For Joint Production: Risk And Ambiguity Under Compensatory Damages, Michael D. Ryall, Rachelle C. Sampson
Michael D Ryall
We develop a model in which the parties to a joint production project have a choice of specifying contractual performance in terms of actions or deliverables. Penalties for noncompliance are not specified; rather, they are left to the courts under the legal doctrine of compensatory damages. We analyze three scenarios of increasing uncertainty: Full Knowledge - where implications of partner actions are known; Risk - where implications can be probabilistically quantified; and, Ambiguity - where implications cannot be so quantified. Under Full Knowledge, action requirements dominate: they always induce the maximum economic value. This dominance vanishes in the Risk scenario. …
Resume Of Joel Drotts Juris Doctorate, Joel M. Drotts Esq.
Resume Of Joel Drotts Juris Doctorate, Joel M. Drotts Esq.
Joel M. Drotts Esq.
This is the resume of the author Joel Drotts.
Complexity Theory For A New Managerial Paradigm: A Research Framework, Gandolfo Dominici, Vasja Roblek
Complexity Theory For A New Managerial Paradigm: A Research Framework, Gandolfo Dominici, Vasja Roblek
Vasja Roblek
In this work, we have outlined a research framework for a new management paradigm, attempting trying to link the main concepts of complexity theory, change management, knowledge management, sustainable development and, cybernetics. We discussed the transition from the industrial era to the post industrial age. In the development process, nothing is fixed in advance; we can say that it is opportunistic, and adapts to the challenges of the environment, as well as to their effects for and within organizations and society. We saw how the processes of organizational change have occurred as a result of the move to adapt to …
Private Politics Daily: What Makes Firms The Target Of Internet/Media Criticism? An Empirical Investigation Of Firm, Industry And Institutional Factors, Dominik Breitinger, Jean-Philippe Bonardi
Private Politics Daily: What Makes Firms The Target Of Internet/Media Criticism? An Empirical Investigation Of Firm, Industry And Institutional Factors, Dominik Breitinger, Jean-Philippe Bonardi
Jean-Philippe Bonardi
Private politics refers to situations in which activists or NGOs try to push firms to conform to social standards (regarding, for instance, human rights and environmental protection) without public policy intervention. The existing literature on private politics has focused on large campaigns such as consumer boycotts, and looked at the impact of those boycotts on firms’ financial performance and on the likelihood that firms comply with activist demands. Even though these large campaigns are important, focusing on them leads to neglecting the fact that a large portion of the time and resources that activists consecrate to private politics is used …