A decision analytic proposal for a self-governing contractual system
Abstract/Contents
- Abstract
- Contracts are the medium facilitating the exchange of goods and services between persons in a free economy. This research was motivated by the observation that decision makers commonly view contracts as costly and ambiguous. I argue that the legal system handling of contracts is the primary reason for the increasing cost of contracting. Therefore, in this research, I propose a solution in the form of an alternative contractual system that allows contracts to be managed by private institutions in a competitive market. I call this system the self-governing contractual system. A contract in this system is defined as a transfer of the titles to properties depending on different future possibilities. I discuss the process of developing contracts and the dynamic of managing them in this system. I also discuss the competitive market for contract management, where private firms compete to provide the service of managing contracts. As part of this research, I also develop the contract flowchart as a visualization tool for contracts to help contracting parties communicate, design and negotiate contracts more effectively. I conclude this dissertation with the study of venture investment contract design problem. I take the perspective of a venture capitalist trying to choose the best contract for a given investment opportunity.
Description
| Type of resource | text |
|---|---|
| Form | electronic; electronic resource; remote |
| Extent | 1 online resource. |
| Publication date | 2014 |
| Issuance | monographic |
| Language | English |
Creators/Contributors
| Associated with | Al Dawood, Muhammad |
|---|---|
| Associated with | Stanford University, Department of Management Science and Engineering. |
| Primary advisor | Howard, Ronald A. (Ronald Arthur), 1934- |
| Thesis advisor | Howard, Ronald A. (Ronald Arthur), 1934- |
| Thesis advisor | Johnson, Blake E |
| Thesis advisor | Weyant, John P. (John Peter) |
| Advisor | Johnson, Blake E |
| Advisor | Weyant, John P. (John Peter) |
Subjects
| Genre | Theses |
|---|
Bibliographic information
| Statement of responsibility | Muhammad Al Dawood. |
|---|---|
| Note | Submitted to the Department of Management Science and Engineering. |
| Thesis | Thesis (Ph.D.)--Stanford University, 2014. |
| Location | electronic resource |
Access conditions
- Copyright
- © 2014 by Muhammad Nasser A Aldawood
- License
- This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).
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