Trust, Incomplete Contracts and the Market for Technology

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Publisher :
ISBN 13 : 9780734042927
Total Pages : 36 pages
Book Rating : 4.0/5 (429 download)

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Book Synopsis Trust, Incomplete Contracts and the Market for Technology by : Paul H. Jensen

Download or read book Trust, Incomplete Contracts and the Market for Technology written by Paul H. Jensen and published by . This book was released on 2013 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conditional on the decision to enter the market for immature technology, we test for the effects that trust – as proxied by the context in which the negotiating parties met – has on the likelihood that these negotiations are successful. Using a randomised dataset of 860 university-firm and firm-firm technology transactions, we find that the depth of prior relationship and circumstantial knowledge about each other matters, and matters a lot. Parties who knew each other from a previous business are 28.2 percentage points more likely to conclude a transaction compared with cold-callers. Meeting via an industry network offers an intermediate advantage but meeting via a third party or at a conference only offers a modest advantage over cold calling.

Keeping Pace with Change: Fintech and the Evolution of Commercial Law

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Publisher : International Monetary Fund
ISBN 13 : 1616358750
Total Pages : 31 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Keeping Pace with Change: Fintech and the Evolution of Commercial Law by : International Monetary Fund

Download or read book Keeping Pace with Change: Fintech and the Evolution of Commercial Law written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-01-27 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This note explores the interactions between new technologies with key areas of commercial law and potential legal changes to respond to new developments in technology and businesses. Inspired by the Bali Fintech Agenda, this note argues that country authorities need to closely examine the adequacy of their legal frameworks to accommodate the use of new technologies and implement necessary legal reform so as to reap the benefits of fintech while mitigating risks. Given the cross-border nature of new technologies, international cooperation among all relevant stakeholders is critical. The note is structured as follows: Section II describes the relations between technology, business, and law, Section III discusses the nature and functions of commercial law; Section IV provides a brief overview of developments in fintech; Section V examines the interaction between technology and commercial law; and Section VI concludes with a preliminary agenda for legal reform to accommodate the use of new technologies.

The Oxford Handbook of Gossip and Reputation

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Publisher : Oxford University Press
ISBN 13 : 0190494093
Total Pages : 547 pages
Book Rating : 4.1/5 (94 download)

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Book Synopsis The Oxford Handbook of Gossip and Reputation by : Francesca Giardini

Download or read book The Oxford Handbook of Gossip and Reputation written by Francesca Giardini and published by Oxford University Press. This book was released on 2019-05-22 with total page 547 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gossip and reputation are core processes in societies and have substantial consequences for individuals, groups, communities, organizations, and markets.. Academic studies have found that gossip and reputation have the power to enforce social norms, facilitate cooperation, and act as a means of social control. The key mechanism for the creation, maintenance, and destruction of reputations in everyday life is gossip - evaluative talk about absent third parties. Reputation and gossip are inseparably intertwined, but up until now have been mostly studied in isolation. The Oxford Handbook of Gossip and Reputation fills this intellectual gap, providing an integrated understanding of the foundations of gossip and reputation, as well as outlining a potential framework for future research. Volume editors Francesca Giardini and Rafael Wittek bring together a diverse group of researchers to analyze gossip and reputation from different disciplines, social domains, and levels of analysis. Being the first integrated and comprehensive collection of studies on both phenomena, each of the 25 chapters explores the current research on the antecedents, processes, and outcomes of the gossip-reputation link in contexts as diverse as online markets, non-industrial societies, organizations, social networks, or schools. International in scope, the volume is organized into seven sections devoted to the exploration of a different facet of gossip and reputation. Contributions from eminent experts on gossip and reputation not only help us better understand the complex interplay between two delicate social mechanisms, but also sketch the contours of a long term research agenda by pointing to new problems and newly emerging cross-disciplinary solutions.

Experimental Business Research

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Publisher : Springer Science & Business Media
ISBN 13 : 0387242449
Total Pages : 332 pages
Book Rating : 4.3/5 (872 download)

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Book Synopsis Experimental Business Research by : Rami Zwick

Download or read book Experimental Business Research written by Rami Zwick and published by Springer Science & Business Media. This book was released on 2007-02-26 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is one of the few titles that brings together studies that adopt laboratory based experimental economics methods to study an array of business and policy issues, spanning the entire business domain, including accounting, economics, management, marketing and cognitive science.

The Impact of Incomplete Contracts on Economics

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Publisher : Oxford University Press
ISBN 13 : 0190259019
Total Pages : 224 pages
Book Rating : 4.1/5 (92 download)

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Book Synopsis The Impact of Incomplete Contracts on Economics by : Philippe Aghion

Download or read book The Impact of Incomplete Contracts on Economics written by Philippe Aghion and published by Oxford University Press. This book was released on 2015-12-22 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession.

Product Development Performance

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Publisher : Harvard Business Press
ISBN 13 : 9780875842455
Total Pages : 409 pages
Book Rating : 4.8/5 (424 download)

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Book Synopsis Product Development Performance by : Kim B. Clark

Download or read book Product Development Performance written by Kim B. Clark and published by Harvard Business Press. This book was released on 1991 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the culmination of six years of research conducted at the Harvard Business School on how different manufacturing firms around the world approach the development of new products. Its principal focus is the impact of strategy, organization, and management on this critical component of business strategy.

Contracts in Trade and Transition

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Publisher : MIT Press
ISBN 13 : 9780262263757
Total Pages : 234 pages
Book Rating : 4.2/5 (637 download)

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Book Synopsis Contracts in Trade and Transition by : Dalia Marin

Download or read book Contracts in Trade and Transition written by Dalia Marin and published by MIT Press. This book was released on 2003-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: An institutional approach to explaining countertrade and barter in international trade and domestic trade in transition economies. Difficulties in contract enforcement impede international transactions in the world economy and domestic transactions in transition economies. In Contracts in Trade and Transition, Dalia Marin and Monika Schnitzer explain how barter as an economic institution can facilitate contract enforcement across national borders in international trade and within borders in transition countries. The authors show that international countertrade—tying an export to an import—emerged in the 1980s in response to the international debt crisis when Western creditors refused to finance imports to developing countries and Eastern Europe. Barter—the exchange of goods without the use of money—reemerged in transition economies in the 1990s in response to a domestic debt crisis when banks in transition countries were reluctant to provide finance to firms. Countertrade and barter introduce a deal-specific form of collateral that addresses the lack of creditworthiness of countries and firms. Drawing on contract theory, the authors argue that parties might want to pay in goods rather than cash or link an export with an import as in countertrade to solve incentive problems that otherwise would prevent any trade from taking place. The incentive problems they discuss are the technology transfer problem to developing countries and the "lack of trust" problem in the former Soviet Union.

Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance

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Publisher : International Monetary Fund
ISBN 13 : 1589063953
Total Pages : 35 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance by : El Bachir Boukherouaa

Download or read book Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.

New Information Technology and Industrial Change: The Italian Case

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Publisher : Springer Science & Business Media
ISBN 13 : 9789027727473
Total Pages : 174 pages
Book Rating : 4.7/5 (274 download)

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Book Synopsis New Information Technology and Industrial Change: The Italian Case by : Cristiano Antonelli

Download or read book New Information Technology and Industrial Change: The Italian Case written by Cristiano Antonelli and published by Springer Science & Business Media. This book was released on 1988-05-31 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Contracts

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Publisher : Cambridge University Press
ISBN 13 : 9780521893138
Total Pages : 604 pages
Book Rating : 4.8/5 (931 download)

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Book Synopsis The Economics of Contracts by : Eric Brousseau

Download or read book The Economics of Contracts written by Eric Brousseau and published by Cambridge University Press. This book was released on 2002-10-17 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 2002 survey of economics of contracts appealing to scholars in economics, management and law.

Handbook of Research Methods on Trust

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Publisher : Edward Elgar Publishing
ISBN 13 : 178254741X
Total Pages : 367 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Handbook of Research Methods on Trust by : Fergus Lyon

Download or read book Handbook of Research Methods on Trust written by Fergus Lyon and published by Edward Elgar Publishing. This book was released on 2015-08-28 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together a wealth of research methods knowledge gained by trust researchers into one essential volume, this book provides an authoritative in-depth consideration of quantitative and qualitative methods for empirical study of trust in the social

The Trust Revolution

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Publisher : Cambridge University Press
ISBN 13 : 1108494234
Total Pages : 235 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis The Trust Revolution by : M.Todd Henderson

Download or read book The Trust Revolution written by M.Todd Henderson and published by Cambridge University Press. This book was released on 2019-08-15 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traces the history of innovation and trust, demonstrating how the Internet offers new ways to rehabilitate and strengthen trust.

The Economics of Blockchain and Cryptocurrency

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800882343
Total Pages : 223 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis The Economics of Blockchain and Cryptocurrency by : Caton, James L.

Download or read book The Economics of Blockchain and Cryptocurrency written by Caton, James L. and published by Edward Elgar Publishing. This book was released on 2022-10-20 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book is an innovative look at how blockchain technology will transform the structure of social and economic life. The security of blockchain supports the provision and maintenance of reliable databases and the creation of rule-based governance protocols. Leading contributors expertly review the impact of blockchain on existing structures of law, monetary systems, supply chains and business organizations.

Varieties of Capitalism

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Publisher : Oxford University Press
ISBN 13 : 0199247749
Total Pages : 557 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Varieties of Capitalism by : Peter A. Hall

Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

Can Blockchain Solve the Hold-up Problem in Contracts?

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Publisher : Cambridge University Press
ISBN 13 : 100902017X
Total Pages : 94 pages
Book Rating : 4.0/5 (9 download)

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Book Synopsis Can Blockchain Solve the Hold-up Problem in Contracts? by : Richard Holden

Download or read book Can Blockchain Solve the Hold-up Problem in Contracts? written by Richard Holden and published by Cambridge University Press. This book was released on 2021-11-18 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: A vexing problem in contract law is modification. Two parties sign a contract but before they fully perform, they modify the contract. Should courts enforce the modified agreement? A private remedy is for the parties to write a contract that is robust to hold-up or that makes the facts relevant to modification verifiable. Provisions accomplishing these ends are renegotiation-design and revelation mechanisms. But implementing them requires commitment power. Conventional contract technologies to ensure commitment – liquidated damages – are disfavored by courts and themselves subject to renegotiation. Smart contracts written on blockchain ledgers offer a solution. We explain the basic economics and legal relevance of these technologies, and we argue that they can implement liquidated damages without courts. We address the hurdles courts may impose to use of smart contracts on blockchain and show that sophisticated parties' ex ante commitment to them may lead courts to allow their use as pre-commitment devices.

The Costs and Benefits of Ownership

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Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Costs and Benefits of Ownership by : Sanford J. Grossman

Download or read book The Costs and Benefits of Ownership written by Sanford J. Grossman and published by . This book was released on 1984 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

R&D and Productivity

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Publisher : University of Chicago Press
ISBN 13 : 0226308901
Total Pages : 398 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis R&D and Productivity by : Zvi Griliches

Download or read book R&D and Productivity written by Zvi Griliches and published by University of Chicago Press. This book was released on 2007-12-01 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zvi Griliches, a world-renowned pioneer in the field of productivity growth, has compiled in a single volume his pathbreaking research on R&D and productivity. Griliches addresses the relationship between research and development (R&D) and productivity, one of the most complex yet vital issues in today's business world. Using econometric techniques, he establishes this connection and measures its magnitude for firm-, industry-, and economy-level data. Griliches began his studies of productivity growth during the 1950s, adding a variable of "knowledge stock" to traditional production function models, and his work has served as the point of departure for much of the research into R&D and productivity. This collection of essays documents both Griliches's distinguished career as well as the history of this line of thought. As inputs into production increasingly taking the form of "intellectual capital" and new technologies that are not as easily measured as traditional labor and capital, the methods Griliches has refined and applied to R&D become crucial to understanding today's economy.