Sentence examples for rational contract from inspiring English sources

To account for different contracting regimes, we consider three market scenarios: (1) a liquid flexibility market where the energy retailer is a price-taker, (2) an opaque market where non-strategic customers will accept any individually rational contract offer and (3) a bi-level model with strategic customers optimally self-selecting into available contracts.

"A white-hot, subjective, tort-based law," Mr. Geoghegan writes, "has replaced a cooler, more rational, contract-based law, which was modest and cheap, and best of all, kept us from peering destructively into one another's hearts".

Fudenberg et al. (1990) demonstrated that in the absence of long-term commitment, the equilibrium outcome is determined by sequentially rational contracting decisions.

Our objective in this research is to design individually rational contracts that coordinate the supply chain when the retailer faces inventory-level-dependent demand.

The problem is modeled as a monopolist's problem, in which a mobile relay node acts as the principal who designs incentive-compatible (IC) and individually rational (IR) contract items, consisting of a set of rate-price pairs.

We address the problem of cooperative communication using a novel contract-based principal-agent framework to a cognitive-radio-based wireless relaying networks, in which a mobile relay node acts as the principal who designs incentive-compatible (IC) and individually rational (IR) contract items, consisting of a set of rate-price pairs.

As discussed earlier, Rawls depicts two social contracts: rational agreement among interested parties in the original position corresponds to reasonable agreement among members of a well-ordered society motivated by their sense of justice.

We are not, and have never been, the Canadian collectivists argue — in conscious opposition to older Anglo-American traditions — the rational individuals of liberal contract theory.

The new rules require agencies to carefully consider and justify bundling of contracts and to provide a rational explanation detailing why the bundled contract cannot be split among multiple small businesses.

It could be argued that, because the state conceived by Spinoza is based not on superstitious faith but on a social contract originating in rational, utilitarian considerations, it does not need to have its authority safeguarded and stabilized by means of religion.

The social contract is a rational justification for state power, not a result of actual deal-making among individuals or between them and a government.