Sentence examples for under the basic contract from inspiring English sources

Additionally, output is less distorted relative to the first-best level under the restrictive contract than under the basic contract, which also increases her profits.

It establishes that relative to the symmetric information benchmark, output is less distorted under the restrictive contract than under the basic contract.

Remark 2, established that it is sufficient to analyze the equivalent single-input formulation of the buyer's problem under the basic contract.

We find that if the elasticity of substitution is sufficiently small, then total surplus is higher under the restrictive contract than under the basic contract.

An interpretation of Proposition 6 is that the restrictive marginal cost curve (including both production and information rent costs) is strictly lower under the restrictive contract than under the basic contract.

There exists (nin {mathbb {N}}) such that for all g∈G with (bar {sigma } (g) le 1/n), social surplus with technology g is higher under the restrictive contract than under the basic contract.

Furthermore, the buyer's optimal contract menu always results in higher profits under the restrictive contract than the basic contract, even though she always chooses an input mix which is sub-optimal from a pure production standpoint.

The basic contract is worth $121 million, which is still the biggest contract a baseball player has ever received.

Inequality (8) above established that information costs are lower under the the optimal restrictive contract than under the optimal basic contract; Proposition 3 established that production costs are higher.

As we have seen, the buyer's profits are higher under the optimal restrictive contract than under the optimal basic contract.

If the determinant of the Hessian of the Lagrangian (10) is positive on [0,Φ], then output produced by farmer ℓ is higher under the optimal restrictive contract than under the optimal basic contract.