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ITrust workshop
Glasgow 2-4 Sep 2002 | | |
Contract
Voluntary agreement between parties
Business issues
Purpose of contract is to...
Efficiency-seeking behaviour
Minimize transaction costs
Contract optimization
Different kinds of contracts ...
Game theory
"Principal-agent" problem: principal wishes to hire an agent...
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How is this different from designing a good
Poker playing program?
Legal issues
- Alleviate mistrust
Purpose of contract is to...
alleviate mistrust
Business perspective
Question about what kind (scale) of contract?
Many kinds -- one solution to cover all, tailored to specific cases? -- architectural approach
Contract or relationship?
Which of these is important?
(Hmm... maybe our work is to make non-relationship contracts more efficient?)
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