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The latter is a function of contract complexity and risk - both of which have increased over the years, at a time when competitive tension has increased forcing the major players to offer more for less.
Previous studies have not explained the value creation function of contract duration in franchising.
Specifically, we complement the transaction cost model of contract duration by developing resource-based hypotheses to explain the knowledge leverage function of contract duration.
The model characterizes throughput of individual two-windows TCP flow as a function of contract rate, round trip time, loss rates of In and Out packets.
We are interested to explain the densities of (i) PSPs and (ii) PGPs as a function of (contract and the remaining non-contract) physicians and other demand- and supply-related covariates of a district.
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This information comes at a cost, however: one of the functions of eye contract is to establish social dominance [27], and the return of direct eye contact may be construed as a social challenge that is likely to invite retaliation, especially from high-ranking males [28], [29].
Here Γ z (t), ((t,mathbf {z})in [0,T_{1}]times {mathcal {S}}), is the price function of the CDS contract given by begin{array}rcl@ mathit{Gamma}_{mathbf{z}}(t) :=Lmathit{Gamma}_{mathbf{z}}^{(1)}(t) - nu mathit{Gamma}_{mathbf{z}}^{(2)}(t), end{array} (7).
More in line with the literature on dynamic programming, our procedure is contract free and is well designed to accommodate all one-dimensional convex value functions of derivative contracts.
State regulators are responsible for devising annual implementation plans, which are submitted to the EPA and function as a sort of contract between state and federal agencies.
Therefore, we estimate the densities of (i) non-contract specialists and (ii) non-contract general practitioners as a function of the densities of contract general practitioners and specialists and the remaining density of non-contract physicians, along with other control variables such as the availability of private and public inpatient facilities within a district.
We estimate the local density of one type of non-contract physicians (PGPs or PSPs) as a function of the densities of contract physicians (CGPs and CSPs) and the remaining density of non-contract physicians, among other factors such as a region's hospital facilities, educational level or aggregate income.
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