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This paper addresses the following question: Under what circumstances do suppliers and retailers prefer the same contractual form?
Contract theory provides a rich research basis for selecting an appropriate contractual form, with an emphasis on the effects of uncertainty and asymmetric information.
Second, the analysis suggests that the contractual form that has come to dominate infrastructure projects further works to de-incentivize the adoption of new technology, by diluting the perceived utility of innovation across the array of actors populating the value chain.
Big pharmaceutical companies use in-licensing (inbound innovation) as a main contractual form.
"There are absolutely ways, both verbally and in contractual form, to avoid many of these kinds of pitfalls," he says.
Similar(55)
Privatisation has led to a growing interest in more complex contractual forms designed to give public transport operators the incentives for effort that maximise value for money.
Departing from the existing literature, this paper develops a choice experiment to study public transport operators' preferences for different contractual forms.
We study supply chain members' preferences for contractual forms under three different competitive settings in which multiple supply chains compete to sell substitutable products in the same market.
This ambitious work of legal codification, perhaps the crowning glory of the Conseil d'État, consolidated certain basic principles established in 1789: civil equality and equality before the law; the abolition of feudalism in favour of modern contractual forms of property; and the secularization of civil relations.
Based on nine case studies of public spaces in London under a variety of different management arrangements, the paper discusses how publicness is affected by the various contractual forms of transfer and what the main implications of this process are for different stakeholders and for the public realm as a whole.
A key finding of this literature is that members' preferences for contractual forms are often at odds: the upstream supplier prefers relatively complex contracts that can coordinate the supply chain; however, the downstream retailer prefers a wholesale price-only contract because it leaves more surplus (than does a coordinating contract), which the retailer can capture.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com