Salespeople, as the core executors of product distribution, form a classical principal–agent relationship with the firm. A substantial body of academic research has focused on how firms can develop optimal sales incentive contracts in various s...
This paper analyzes optimal contracts in a linear hidden-action model with normally distributed returns possessing two moments that are governed jointly by two agents who have negative exponential utilities. They can observe and verify each others’ e...
Public transit subsidization often suffers from a double (or bilateral) moral hazard problem, where both regulators and operators may reduce their efforts due to information asymmetry, thereby compromising service quality despite significant public i...
Every consumer’s buying decision at the supermarket influences food brands to make first party claims of sustainability and socially responsible farming methods on their agro-product labels. Fine wines are often subject to counterfeit along the suppl...
This paper demonstrates how the contract theory framework can and should complement standard financial mathematics for analysing Islamic financial securities (IFSs). It is motivated by the perception that most valuations of IFSs are rather simplistic...
The engineering general contracting mode is an advanced engineering transaction mode, and design optimization is one of the important driving forces for vigorously promoting the general contracting mode. The application proportion of the general cont...
Traditionally, high initial capital costs and lengthy payback periods have been identified as the most significant barriers that limit the diffusion of solar photovoltaic (PV) systems. In November, 2006, the Ontario Power Authority (OPA) introduced t...
In a research community, data sharing is an essential step to gain maximum knowledge from the prior work. Existing data sharing platforms depend on trusted third party (TTP). Due to the involvement of TTP, such systems lack trust, transparency, secur...
In recent years, there has been significant growth in location-based services (LBSs) and applications. These services empower users to transmit their location data to location service providers, thereby facilitating the provisioning of pertinent reso...
This paper studies the risks in demand information sharing applications by electronic soft-orders using electronic data interchange (EDI) systems in e-commerce and aims to suggest a sustainable regulation mechanism with a trust-embedded contract. In...
The transition to a circular economy (CE) in plastic packaging faces persistent barriers, including regulatory fragmentation, technological limitations, and supply chain disconnection. This study examines how multinational companies address these cha...
In recent years electricity sectors worldwide have undergone major transformations, referred to as the “energy transition”. This has required energy planning to quickly adapt to provide useful inputs to the regulation activity so that a cost-effectiv...
The construction industry continues to grapple with persistently high accident rates and fragmented workforce management systems, where manual record-keeping and siloed data impede effective safety compliance. While digital interventions exist, they...
20 October 2020
Background: A national database of work-related injuries has been established in Italy since 2002, collecting information on the injured person, his/her work tasks, the workplace and the risk factors contributing to incident dynamics, according to a...