In dynamic and uncertain e-commerce settings, the value of contracts can change after they have been entered into. Sometimes this can make the contract in question counterproducti...
Outsourcing of complex IT infrastructure to IT service providers has increased substantially during the past years. IT service providers must be able to fulfil their service-qualit...
Bids submitted in auctions are usually treated as enforceable commitments in most bidding and auction theory literature. In reality bidders often withdraw winning bids before the ...