The relation between contract duration and inflation uncertainty: Further evidence

1998 ◽  
Vol 20 (4) ◽  
pp. 811-819 ◽  
Author(s):  
Bryce Kanago
Keyword(s):  
Inflation Uncertainty ◽  
Contract Duration

Asymmetric effects of inflation shocks on inflation uncertainty

2002 ◽  
Vol 30 (4) ◽  
pp. 385-388 ◽  
Author(s):  
Barbara Caporale ◽  
Tony Caporale
Keyword(s):  
Inflation Uncertainty ◽  
Asymmetric Effects

Inflation and inflation uncertainty in Turkey

2010 ◽  
Vol 42 (10) ◽  
pp. 1281-1291 ◽  
Author(s):  
Sami Keskek ◽  
Mehmet Orhan
Keyword(s):  
Inflation Uncertainty

scholarly journals Contracting on Time

2005 ◽  
Vol 95 (5) ◽  
pp. 1369-1385 ◽  
Author(s):  
Sergei Guriev ◽  
Dmitriy Kvasov
Keyword(s):  
Detailed Analysis ◽  
Continuous Time ◽  
Contract Theory ◽  
Bilateral Trade ◽  
Incomplete Contract ◽  
Optimal Contracts ◽  
Contract Duration ◽  
Unilateral Termination ◽  
Advance Notice ◽  
The Relationship

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.

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