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This article studies contract design problems. Based on the introduction and analysis of existing contract models and contract design methods, introduces and analyzes the detailed design thoughts, methods and models of complete contract, compares the basic assumption of complete contract and incomplete contract, and analyzes the reasons of incompleteness. Besides, the article also introduces and analyzes...
The regulation of human behavior by institutions can be deemed as a process of social choice, in which specific social choice rules attain the objective of institution design by governing human choices. This paper provides a new framework of institution design — institution design based on social choice, which avoids the “black box” dilemma in institution design. The paper discusses the key issues...
Aiming at the reverse bullwhip effect in reverse supply chain (RSC), a non-cooperative stackelberg model is set up with agreed collection volume. The centralized, decentralized and coordinated systems are brought out successively and the operation mechanism is analyzed afterwards. With the developed expense-sharing contract as the object of the study, the fact is proved that the RSC with collection...
The blocking of commercial information, the complexity of deal, the high cost as well as the high risk are the barriers in front of our Chinese enterprise when doing e-commerce nowadays. The theme of the article is to clear the barriers based on the detailed and systematic analysis of the enterprise e-commercial system. I will start from the analysis of system demand with the usage of rational union...
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