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Rechts- und Staatswissenschaftliche Fakultät - Jahrgang 2009

Titel Essays on Optimal Contracts and Renegotiation
Autor Susanne Ohlendorf
Publikationsform Dissertation
Abstract Contract theory studies the incentives and contractual outcomes in economic interactions, and how they are influenced by given institutions and information structures. On an abstract level, a contractual relationship is characterized by the costs and obstacles that have to be faced in order to carry out the desired economic transaction. Such transaction costs include for example search and information cost, bargaining and contracting costs, and enforcement costs. Depending on the type of transaction costs, optimal contracts will take one form or another. To try to understand economic interactions at this level of detail is of course an enormous undertaking, to which this thesis makes a small contribution, focusing on the effect of renegotiation on the form of contracts. more...
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© Universitäts- und Landesbibliothek Bonn | Veröffentlicht: 11.09.2009