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  • All HBS Web  (23)
    • News  (3)
    • Research  (11)
  • Faculty Publications  (2)

Show Results For

  • All HBS Web  (23)
    • News  (3)
    • Research  (11)
  • Faculty Publications  (2)
Page 1 of 23 Results →
  • 2020
  • Working Paper

Contract Duration and the Costs of Market Transactions

By: Alexander MacKay
The optimal duration of a supply contract balances the costs of reselecting a supplier against the costs of being matched to an inefficient supplier when the contract lasts too long. I develop a structural model of contract duration that captures this tradeoff and... View Details
Keywords: Vertical Relationships; Transaction Costs; Contract Duration; Identification; Supply Chain; Cost; Contracts; Auctions; Mathematical Methods
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MacKay, Alexander. "Contract Duration and the Costs of Market Transactions." Harvard Business School Working Paper, No. 18-058, December 2017. (Revised May 2020. Direct download.)
  • August 2022
  • Article

Contract Duration and the Costs of Market Transactions

By: Alexander MacKay
The optimal duration of a supply contract balances the costs of reselecting a supplier against the costs of being matched to an inefficient supplier when the contract lasts too long. I develop a structural model of contract duration that captures this tradeoff and... View Details
Keywords: Supply Contracts; Intermediate Goods; Switching Costs; Vertical Relationships; Transaction Costs; Contract Duration; Identification; Supply Chain; Cost; Contracts; Auctions; Mathematical Methods
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MacKay, Alexander. "Contract Duration and the Costs of Market Transactions." American Economic Journal: Microeconomics 14, no. 3 (August 2022): 164–212.
  • 23 Jan 2018
  • Working Paper Summaries

Transaction Costs and the Duration of Contracts

Keywords: by Alexander MacKay
  • 31 Jan 2023
  • Op-Ed

Can Insurance Technology Solve the Uninsured Driver Problem?

because they can’t afford the insurance contracts offered by legacy carriers, which often require purchasing several months of coverage up front. “Insurance technology can enable cash-strapped drivers to access shorter and more affordable... View Details
Keywords: by Ray Kluender; Insurance
  • Web

Global Opportunity Fellowship GO: AFRICA - Alumni

application intake, i.e. you must begin working within eight months from the time of application. If your employment start date is after the first week of January, you are invited to apply in that year’s application cycle. You are in good academic and community... View Details
  • Web

HBS - Financials | Supplemental Financial Information

editorial section of the HBP website features motivational lessons and practical insights on a range of topics. Revenue from Corporate Learning declined 7 percent from the prior year. As a result of COVID-19, many corporate clients delayed the launch of View Details
  • Web

Frequently Asked Questions | HBS Online

and deferrals. If your employer has contracted with HBS Online for participation in a program, or if you elect to enroll in the undergraduate credit option of the Credential of Readiness (CORe) program, note that policies for these... View Details
  • 16 Jan 2018
  • First Look

First Look at New Research and Ideas, January 16, 2018

candidates. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=53708 Transaction Costs and the Duration of Contracts By: MacKay, Alexander Abstract—The View Details
Keywords: Sean Silverthorne
  • Web

1.18 Field Global Capstone | MBA

off-campus immersion components of the FIELD Global Capstone. Academic Policy As with any required academic course, students are expected to adhere to all HBS Academic Policies for the duration of the course. Students will also be asked... View Details
  • Web

European and UK Personal Data Collection Disclosure | HBS Online

processing activities to which you consented; Where processing is based on contract, for the duration of the contract plus some additional limited period of time that is necessary to comply with law or that... View Details
  • 01 Mar 2025
  • News

Work of Art

fundamentals that rarely get airtime in an MFA program, from negotiating contracts to gaining equity in relationships with collectors or through consignment agreements. This year’s cohort arrived from as far as China, Turkey, Uganda, and... View Details
Keywords: Jen McFarland Flint; photos by Chris Sorensen; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment
  • Web

Social Entrepreneurship Fellowship | Social Enterprise | Harvard Business School

or before the first week of August following the April application intake, i.e. you must begin working within three months of graduation. You are in good academic and community standing and remain so for the duration of your fellowship... View Details
  • 10 Apr 2012
  • First Look

First Look: April 10

rescue of 33 Chilean miners. More and more people in nearly every industry now work on teams that vary in duration and have constantly shifting membership. Teaming presents technical and interpersonal challenges: people must get up to... View Details
Keywords: Carmen Nobel
  • 04 Feb 2021
  • Research & Ideas

Inside CEOs' Pandemic Worries: Uncertainty, Employees, and Kids

parents. The increased difficulty and risks of traveling separated some CEOs from family. One had to make the difficult decision to “move to a different city to be closer to the employees, [leaving] the family behind.” None in our sample mentioned family View Details
Keywords: by Gamze D. Yucaoglu, Robin Abrahams, and Boris Groysberg
  • Web

Privacy Statement (English) - Global

any party can be guaranteed to be completely secure. 6. DURATION OF PERSONAL DATA RETENTION Personal data will be kept for the period necessary for the performance of the purposes described above and may also be kept to the extent legally... View Details
  • Web

Global Opportunity Fellowship GO: ASIA - Alumni

funds-available basis. The following criteria must be met to qualify for a GO: ASIA Fellowship: You are in good academic and community standing as outlined in the HBS Student Handbook , and remain so for the duration of your fellowship.... View Details
  • 03 Oct 2006
  • First Look

First Look: October 3, 2006

deliberate and optimal allocations to passive and highly skilled active investment vehicles, and they should eliminate commitments to structurally underperforming long-only active managers, unless the evidence of ability to generate alpha (rare) is clear, and the View Details
Keywords: Sean Silverthorne
  • 12 Apr 2016
  • First Look

April 12, 2016

competitive imitation. Make it tough for rivals to copy your product-to-platform strategy: consider creating proprietary standards, using exclusivity contracts and erecting other barriers to competition. Publisher's link:... View Details
Keywords: Sean Silverthorne
  • 08 Jul 2014
  • First Look

First Look: July 8

findings. First, non-financial rewards are more effective at eliciting effort than either financial rewards or the volunteer contract and are also the most cost-effective of the four schemes. Second, non-financial rewards leverage... View Details
Keywords: Carmen Nobel
  • 24 Apr 2020
  • Op-Ed

Lessons from the NFL: Virtual Hiring, Leadership, Building Teams and COVID-19

Teams draft channel. All parties will also be dialled into a conference call that will last the duration of the draft. Picks will be announced over the call. If the Microsoft Teams channel is not working, teams can also use the conference... View Details
Keywords: by Sarah Abbott , Boris Groysberg, Tali Groysberg, and Abhijit Naik; Sports
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