The Effects of an Extension of the Contract Term on Chonsei Price: The Case of the Year 1990

2021 ◽  
Vol 11 (3) ◽  
pp. 1-16
Author(s):  
Seung Dong You
Keyword(s):  
Contract Term

scholarly journals Pricing strategy and product quality design with platform-investment

2022 ◽  
Vol 0 (0) ◽  
pp. 0
Author(s):  
Xiujing Dang ◽  
Yang Xu ◽  
Gongbing Bi ◽  
Lei Qin
Keyword(s):  
Product Quality ◽  
Value Added ◽  
Optimal Investment ◽  
Investment Strategy ◽  
Profit Sharing ◽  
Investment Strategies ◽  
Contract Term ◽  
Optimal Investment Strategy ◽  
Sustainable Value ◽  
Quality Design

<p style='text-indent:20px;'>With the development of business, more consumers are quality sensitive and improving the product quality becomes particularly important. We mainly discuss two investment strategies: retailer-investment and platform-investment. Compared with non-investment case, only if consumer sensitivity is not too high, it is profitable for the retailer to select retailer-investment. When both retailer-investment and platform-investment are viable, the choice of investment mechanism depends on the profit-sharing ratio. Particularly, if the ratio is within a certain range, the optimal investment strategy is platform-investment, achieving a triple-win outcome. Besides, to effectively alleviate the contradiction between the retailer's moral hazard problem and the sustainable value-added effect of platform-investment, we further research the contract term. These results give us some meaningful management inspirations in investment mechanism.</p>

scholarly journals Origin Myths, Contracts, and the Hunt for Pari Passu

2013 ◽  
Vol 38 (01) ◽  
pp. 72-105 ◽  
Author(s):  
Mark Weidemaier ◽  
Robert Scott ◽  
Mitu Gulati
Keyword(s):  
Sovereign Debt ◽  
Law Firms ◽  
Legal Practice ◽  
Contract Term ◽  
Data Set ◽  
Sovereign Bond ◽  
Origin Myths ◽  
Corporate Lawyers ◽  
Global Law

We use interviews with corporate lawyers and a data set of contracts to explore an elite area of legal practice: sovereign bond lending. Sovereign debt lawyers work at prestigious global law firms, yet the contracts they produce include some terms that defy explanation. Lawyers often account for the existence of these terms through origin myths. Focusing on one contract term, the pari passu clause, we explore two puzzling aspects of these myths. First, we demonstrate that the myths are inaccurate as to both the clause's origin and the role of lawyers in contract drafting. Second, the myths often are unflattering, inaccurately portraying lawyers as engaged in little more than rote copying. We probe this disjuncture between the myths and lawyers' actual practices and explore why contracts origin myths might hold such appeal for this elite segment of the bar.

scholarly journals An economic analysis of landowner propensity for woodlot management and harvesting in northwestern Saskatchewan

1995 ◽  
Vol 71 (4) ◽  
pp. 451-458 ◽  
Author(s):  
Fiona J. Salkie ◽  
Martin K. Luckert ◽  
William E. Phillips
Keyword(s):  
Logit Analysis ◽  
Forest Economics ◽  
Forest Land ◽  
Timber Management ◽  
Contract Term ◽  
The Past ◽  
The Future ◽  
New Processing ◽  
Young Growth

The recent development of new processing facilities in Meadow Lake, Saskatchewan has created a long-term market for timber in the region. Although these processing facilities are currently supplied by crown timber reserves, increasing pressure on public forest resources from multiple users has caused processors to consider private woodlots as a supplemental source of fibre. A survey was undertaken to investigate conditions under which landowners may respond to the emerging demand by managing their timber resources for harvest and sale.Survey results indicate that, although virtually no management or harvesting has occurred in the past, approximately half of those interviewed would consider timber management and harvesting in the future. Logit analysis identified landowner characteristics that were related to landowners' willingness to consider forest management and harvest in the future and the likelihood that they would consider a timber contract. Significant characteristics of landowners in influencing the propensity to manage and harvest their woodlots included: the diversity of farm operations, the length of family tenure of the land, the number of ways respondents use their forest land, and area of forest owned. A preferred timber contract was identified as having: a duration of 1 to 5 years, young growth established at the end of the contract term, and payments for harvesting and management services made through a crop share arrangement. Key words: private forestry, forest economics, timber contracts, landowner characteristics, woodlot management

scholarly journals Pricing a Lease Contract in Presence of Late Payment Extra-Charges

2019 ◽  
Vol 14 (11) ◽  
pp. 179
Author(s):  
Luciano Quattrocchio ◽  
Luisa Tibiletti ◽  
Mariacristina Uberti
Keyword(s):  
Sensitivity Analysis ◽  
Interest Rate ◽  
Lower Bound ◽  
Contract Term ◽  
Extra Charge ◽  
Charge Rate ◽  
Lease Contract ◽  
General Rules ◽  
Payment Rate ◽  
Roll Out

Partial insolvency in leasing contracts may entail to afford additional late payment costs. In this paper we focus on the case that the lessee makes partial payments in due time and settles the debt augumented by the late payment interests later. The presence of the extra-costs drives the lease Effective Annual interest Rate (EAR) to deviate from the lease contract rate. The aim of this work is to illustrate how design the contract payback amortization to stick EAR to the lease contract rate, when the lease contract rate, the late payment rate and the contract term are exogeneously fixed. First we achieve a proxy for EAR given by the lease contract rate plus an extra-charge rate addendum. We show that this latter addendum is sensitive to the payback Macaulay Duration, a weighted size and timing average. Specifically, the longer the Macaulay Duration, the smaller the extra-charge rate addendum. As a consequence, two general rules to drive EAR close to the lease contract rate roll out, specifically: (1) the payment pattern should be set with a long Macaulay Duration; and (2) the surrender value of the leased good should be put large. As the contract settlement is given, we show that EAR is delimited by a lower bound and an upper bound. Then the payback amortizations with fixed instalments are studied. To get insight on the importance of EAR inputs we roll sensitivity analysis out through illustrative applications. The results of the paper are useful to provide policymakers a better knowledge about the effects on EAR of the contract conditions on the pattern of payments.

Unfair Contract Terms Protection in Slovakia

2020 ◽  
Vol 66 (1) ◽  
pp. 163-181
Author(s):  
Monika Jurčová ◽  
Kristián Csach
Keyword(s):  
Law Enforcement ◽  
Empirical Evidence ◽  
Consumer Protection ◽  
Civil Code ◽  
Contract Term ◽  
National Regulation ◽  
Legislative Power ◽  
Legislative Framework ◽  
Consumer Contracts ◽  
Unfair Terms

The unfair contract terms protection in Slovakia is currently regulated by a system of rules in the Slovak Civil Code; the path to the current extent of consumer protection has not been very straightforward. This article analyses the legislative framework on unfair terms, and questions of law enforcement. It further outlines selected issues and empirical evidence in the context of “surprising contract terms,” transparency of a contract term, legislative power of the judiciary, it discusses the controversial of the German approach to resolve conflicts revolving around unfair clauses. The article concludes that the current Slovak regulation of unfair terms in consumer contracts seems to fulfil the requirements set by the UCTD; however, all in all, Slovakia’s national regulation remains fragmented in the Civil Code, the Act on Consumer Protection and special sectoral regulation and supplemented by special procedural regulation.

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