Sentence examples for rational contracts from inspiring English sources

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

"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.

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.

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.

Reasoning behind a veil of ignorance in which people do not know their post-contract identities, he supposes that rational contractors will assume it is equally probable that they will be any specific person.

Further, this social contract leaves intact at least those freedoms and liberties which, to begin with, figured in rational choice of the contract over the state of individual insecurity.

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.

They have provisions in contracts that no rational human being should agree to.