Search results for " Contracts"
showing 10 items of 67 documents
Essays On European Natural Gas Market
2018
La presente tesis ha cubierto diferentes aspectos de los mercados europeos del gas natural y la electricidad, en particular algunas propiedades que afectan a la efectividad de la cobertura, como la estacionalidad en varianza y en precios. Asimismo, se ha realizado un estudio de la prima de riesgo del gas natural, su relación con las variables de riesgo y su descomposición en una prima de riesgo de reinversión o ‘rollover’ y una prima de ‘preferencia por liquidez’ relacionada con el plazo. La tesis se compone de tres capítulos: el Capítulo I estudia la estacionalidad en los precios y la volatilidad y cómo mejora la efectividad de la cobertura teniendo en cuenta dicha estacionalidad; el Capít…
How Long-Term Contracts can Mitigate Inefficient Renegotiation Arising Due to Loss Aversion
2021
A loss-averse buyer and seller face an uncertain environment. Should they write a long-term contract or wait until the state of the world is realized? I show that simple long-term contracts perform better than insinuated in Herweg and Schmidt (2015), even though loss aversion makes renegotiation sometimes inefficient. During renegotiation, the outcome induced by the long-term contract constitutes the reference point to which the parties compare gains and losses induced by the renegotiated transaction. Whereas Herweg and Schmidt consider that the long-term contract is always performed, it should not in "bad" states. This alters the threat point in renegotiation, making it easier to renegotia…
An analysis of the Spanish ceramic tile industry research contracts and patents
2018
In this work, we apply a systemic approach to the analysis of a particular geographic territory, the industrial district. We are particularly interested in analysing the interaction between the productive-technological environment and the scientific environment by an examination of research contracts and patents. Our analysis shows that R&D activity in the Spanish ceramic tile District Innovation System was mainly conducted by suppliers. Final producers’ innovation efforts were related to non-technological aspects and differentiation.
IoT Contracts. An Empirical Research
2015
An empirical research on the contracts used in the Internet of Things to point out the most relevant contractual issues and the main dangers for customers of IoT products. In my opinion, in the IoT the notion itself of product changes and therefore there will be a revival of the product liability regime, which from now on will apply not only to hardware, but also to software and service.
Legal Certainty as a Tool for the Spread of the Internet of Things
2015
- Internet of Things Law (issues and main regulations) - Actors - Contract Law - Nest use case - Product liability - Privacy and data protection
La compatibilità della finanza islamica con l'ordinamento italiano: commento al progetto di legge del 2017
2019
In 2017 a draft law on shari’ah compliant contracts was presented to the Chamber of Deputies. According to Profit-Loss Sharing principle, which is at the basis of Islamic contracts, in addition to providing credit the lender shares debtor’s business risk, and the ban on ribà, associated with the prohibition of interest and usury. There is a problem of compatibility between the Islamic finance approach and the Western finance model, only partially addressed by the draft law. However, Islamic contracts pursue an interest worthy of protection on the basis of article n. 1322, 2nd paragraph, of the Civil Code, and the transition to the universal bank model makes it possible to bring the Islamic …
The Possible Path Towards the Principles of BRICS Commercial Contracts Law
2022
The chapter analyses the national report of the 5 authors from the 5 BRICS countries to find similarities and differences which might lead to the elaboration of common principles of contract law for the BRICS countries
Credit market failures and policy
2009
In a simple model of the credit market, based on Stiglitz-Weiss (1981), equilibria are computed and optimal policies to correct market failures are characterized. Some widely applied policies, notably interest-rate subsidies and investment subsidies, are compared to theoretical optimum, and an alternative optimal policy is described which we argue is more robust to model misspecification. An insight on the trade-off between credit policy and infrastructural investment is also offered. A discussion of some aspects of regional policy in Italy's Mezzogiorno is finally presented as an application of the analysis.
University–industry partnerships for the provision of R&D services
2015
Technology Transfer Offices (TTOs) are the main institutions responsible for the establishment of university–industry partnerships. R&D contracts exemplify the indirect mechanisms through which enterprises and universities collaborate on a win–win basis. This study addresses organizational and institutional aspects that act as drivers for the establishment of successful university–industry partnerships. First, a series of regression models explain the determinants of R&D contracts. These models include two main dimensions: the university and the technology transfer office. Second, further analysis empirically explores whether universities in regions with a favorable environment enjoy greate…
Contract, Renegotiation, and Holdup: When Should Messages be Sent?
2015
I consider a setting of complete but unverifiable information in which two agents enter a contractual relationship to induce mutually beneficial investments. As my main result, I establish that the famous irrelevance of contracting paradigm, that arises due to the detrimental effect of renegotiation, is resolved if there is a fixed point in time when actions have to be chosen and one accounts for the fact that renegotiation takes time. What drives my optimality result is that, by stipulating when the mechanism is to be played, the agents ensure that renegotiation is possible ex ante but not ex post.