A risk programming approach for analysing contractual choice in the presence of transaction costs
提出一个概念框架，将交易成本、转换成本和风险纳入效用最大化的合同选择分析，并用目标MOTAD模型演示风险偏好和交易成本变化如何影响最优合同形式。
A simple conceptual approach is developed that relates choice of utility-maximising contractual arrangements to transaction costs, transformation costs and risk associated with different arrangements. The approach provides a technique for incorporating transaction costs into risk programming models. A simple illustrative target MOTAD model is presented using hypothetical data, and changes in preferred contractual forms are examined as risk preferences, transaction costs and risks are varied. Copyright 1999 by Oxford University Press.