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Li et al. (2009) considered a supply contracting problem in which the buyer firm faces non-stationary stochastic price and demand.
In this paper I provide a stopping-time-based solution to a long-term contracting problem between a risk-neutral principal and a risk-averse agent.
This paper considers an optimal contracting problem between an informed risk-averse agent and a principal, when the agent needs to perform multiple tasks, and the principal is active, namely she can influence some aspect of the agency relationship on top of the contract itself (i.e. capital budgets, task assignments).
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Buenos Aires's mayor, Mauricio Macri, elected in 2007, blamed the delays on unspecified financing and contracting problems — much of the renovation work had been carried out without legitimate contracts.
Last year, U.S.A.I.D.'s inspector general said delays and contracting problems at the project had cost nearly $40 million, out of a total outlay of more than $300 million.
Ambitious projects are stuck on drawing boards or have been held up, she wrote, "by land and ideological disputes, logistical and contracting problems, staffing shortages and even weather".
At the same time, the National Security Council has organized an interagency task force to conduct a wholesale review of contracting problems in Iraq.
The latest contracting problems come as City Hall lawyers and contracting officers are scrambling to review a series of multimillion-dollar welfare-to-work contracts awarded by the Human Resources Administration that are now the subject of investigation.
Like that hospital, many recovery projects have lingered on the drawing board or gotten delayed by land and ideological disputes, logistical and contracting problems, staffing shortages and even weather.
He is in the unfortunate position of attracting the mistrust of both the Tories (Iain Duncan Smith blamed him for not getting universal credit up and running) and Labour (who hold him responsible for contracting problems and giving DWP staff targets for excluding people from benefits).
Transaction costs and contracting problems associated with proliferation of patents may have a negative impact on innovation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com