Learning, contractual capabilities, and contract duration changes in franchise networks

2022 ◽  
Vol 64 ◽  
pp. 102777
Author(s):  
Frédéric Perdreau ◽  
Marc Fréchet
2005 ◽  
Vol 95 (5) ◽  
pp. 1369-1385 ◽  
Author(s):  
Sergei Guriev ◽  
Dmitriy Kvasov

The paper shows how time considerations, especially those concerning contract duration, affect incomplete contract theory. Time is not only a dimension along which the relationship unfolds, but also a continuous verifiable variable that can be included in contracts. We consider a bilateral trade setting where contracting, investment, trade, and renegotiation take place in continuous time. We show that efficient investment can be induced either through a sequence of constantly renegotiated fixed-term contracts; or through a renegotiation-proof “evergreen” contract—a perpetual contract that allows unilateral termination with advance notice. We provide a detailed analysis of properties of optimal contracts.


2009 ◽  
Vol 11 (4) ◽  
pp. 301-301
Author(s):  
Manel Antelo
Keyword(s):  

Author(s):  
George Okere ◽  

Comparative evaluations of design-build (DB), to design-bid-build (DBB), aredocumented in literature. However, a recent study suggests that even though several studies have been completed to compare DB and DBB, there are few statistically significant comparative results. Comparative analyses of highway projects of the same scope, size, and type could provide the basis to make the argument for the use of either DB or DBB on highway projects. The objective of this research is to compare DB to DBB on highway projects. The basis of comparison includes project cost, contract duration, number and type of contract change orders. Projects used for this research were obtained from the Washington State Department of Transportation (WSDOT). The projects were subsequently selected based on project scope,size, and type, and then analysed using quantitative methods. The research found that there is enough evidence to support the use of DB over DBB on highway projects. The findings of this study have significant implications for practitioners and policymakers on highway projects and should inform decisions on the choice of project delivery method. The main limitation of the research is that the study used only 14 projects due to the difficulty of finding matching projects,and as such the results could not be generalized. However, the findings add to the body of research on criteria for comparing DB to DBB. To enhance understanding of how project scope, size, and type might affect or be affected by project delivery methods,the research recommends the standardization of project types classification for highway projects


2012 ◽  
pp. 439-474
Author(s):  
Antonio Bernardi

La ricerca esamina le imprese che operano in franchising attraverso microdati raccolti da Assofranchising, la principale associazione italiana nel campo del franchising. Mediante tecniche esplorative e multivariate si dimostra che, ceteris paribus, un aumento della scala delle reti, basata sulla crescita delle risorse umane e materiali, ha un effetto positivo sull'efficienza aziendale attraverso il miglioramento di indicatori strategici di produttivitŕ. Questo fatto indica che le reti in franchising italiane, costituite principalmente ma non esclusivamente da parte delle piccole e medie imprese, anche se sono forti del vincolo associativo, non possono e non devono distogliere lo sguardo dal cercare ogni possibile espansione della loro dimensionalitŕ. Inoltre, questa strategia aiuta ad affrontare meglio le fasi di recessione economica, come l'attuale. The research examines companies operating under franchise through microdata collected from Assofranchising, the main Italian association in the field of franchising. By means of explorative and multivariate techniques it is shown that, other things being equal, an increase in the size of the networks, based on growth of human and material resources, has a positive effect on business efficiencies by improving strategic indicators of productivity. This fact indicates that the Italian franchise networks, consisting primarily but not exclusively by small and medium enterprises, even though they are strong of the associative link, cannot and should not divert their gaze from seeking any possible expansion of their dimensionality. Furthermore, this strategy helps to better address the downturn the economic cycle, like the present one


Sign in / Sign up

Export Citation Format

Share Document