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1 result for “Output Based Contracts”
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Research ArticleOpen accessIn the keywordsNew Projects Sharing Ratios under Musharakah Financing: A Repeated Game Theoretical Approach Using an Output versus a Proposed Effort Based ContractAdil Elfakir, Mohamed TkiouatIn this research, we provide a game theoretical approach of new projects financed under musharakah contracts using two types of contracts. The first type is effort based. It compensates the agent for the effort provided regardless of market conditions. The other type of contract is output based where the agent compensation is based solely on output realized. Our intuition is, … …American Journal of Applied Sciences, Vol. 12, Issue 9 · 8 Oct 2015 · 7,422 accessesView PDFCite