Now showing items 1-3 of 3

  • Neutral optima in informed principal problems with common values 

    Balkenborg, Dieter; Makris, Miltiadis (University of Exeter Economics Department Discussion Papers Series 09/02, 2009)
    In a class of informed principal problems with common values often used in applications we define a particular mechanism which we call the assured allocation. It is always undominated, i.e. efficient among the different ...
  • Resolving contractual disputes: arbitration vs mediation 

    Chakravarty, Surajeet; Makris, Miltiadis (University of Bristol, 2005-03-31)
    In this paper we analyze contracts written on potentially non-verifiable states. We first show that the contract always enters a dispute phase. We analyze two possible legal rules which can be used to resolve the disputes. ...
  • An undominated mechanism for a class of informed principal problems with common values 

    Balkenborg, Dieter; Makris, Miltiadis (Elsevier, 2015-05-01)
    In a class of informed principal problems with common values, we define iteratively a particular allocation which we call the assured allocation. It is comparatively easy to calculate and straightforward to interpret. It ...