Computational contracts is a contract model with blame assignment in a higher-order setting that provides a systematic way to specify temporal contracts over objects and functions and their possibly higher-order arguments.
Controlling for other key borrower variables such as income, workers with temporal contracts get in the boom the same LTVs (both statistically and economically speaking) as workers with permanent contracts in the crisis, instead, temporal workers obtain less LTVs and pay substantially more spreads.
For instance workers with temporal contracts received during the boom mortgages with LTVs that were economically and statistically identical to the mortgages received by permanent workers, though the former were more exposed than the latter to the inevitable adjustment in the real estate sector and thus more likely to be unemployed.
However, since credit is an inter-temporal contract, lenders face the dual problem of adverse selection (hidden information) and moral hazard (hidden action).
In addition, we know crucial characteristics of the borrower such as labor contract (temporal vs. permanent), status (employed in the private or public sector or not employed), income, education, age, location, etc.
The time-lapse observation revealed that the cells on the G3 surface showed more dynamic behaviors of temporal stretching and contracting associated with stimulated migration, as compared with the cells on the G1 and plain surfaces.
"When I am actually pacing the floor, when the store is finally closed," he said, "I would reflect on the fact that I am walking the very physical space that 100 years ago people also have walked and somehow you feel that spatial and temporal dimensions have been contracted in a moment".
Following Breen (1997), temporal uncertainty (i.e., often in the form of temporary or fixed-term contracts) reduced youth's ability to make long-term commitments such as parenthood.
Fully temporal database also includes historical information concerning an earlier interval of time, during which supplier was previously under contract and able to supply certain parts.
The ability to represent sets of traces by means of formulas in temporal logic has recently found important applications in various fields, such as requirements analysis, compositional verification, and contract-based design.
They concluded that deviations in craniofacial growth and development under the influence of the occipital, sphenoid and temporal bones not only generate anomalies in the position of the ET but can also increase the tendency to contract OM [ 15].
