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Why Parties May Deliberately Write Incomplete Contracts

by Maija Halonen-Akatwijuka e Oliver Hart
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language: english
Publisher: CAMBRIDGE UNIVERSITY PRESS, May of 2024 ‧
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Why are contracts incomplete? Asymmetric information theories also have limitations. This Element offers an explanation based on contracts as 'reference points' showing if parties have different views about the division of surplus, an incomplete contract can be superior if including a contingency would lead to divergent reference points.

More Is Less

Why Parties May Deliberately Write Incomplete Contracts

by Maija Halonen-Akatwijuka e Oliver Hart

Property Description
ISBN: 9781009396097
Publisher: CAMBRIDGE UNIVERSITY PRESS
Release Date: May of 2024
Language: English
Format: eBook
File Format and Compatibility:
Categories: eBooks in English > Economics, Finance and Accounting > Economy
eBooks in English > Politics > Politics in General
EAN: 9781009396097
Acessibilidade: Ver características de acessibilidade indicadas pelo editor