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Why Parties May Deliberately Write Incomplete Contracts

by Oliver (Harvard University) Hart e Maija (University Of Bristol) Halonen-Akatwijuka
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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 Oliver (Harvard University) Hart e Maija (University Of Bristol) Halonen-Akatwijuka

Property Description
ISBN: 9781009396073
Publisher: CAMBRIDGE UNIVERSITY PRESS
Release Date: May of 2024
Language: English
Cover: Softcover
Pages: 34
Format: Book
Collection: Elements In Law, Economics And Politics
Categories: Books in English > Economics, Finance and Accounting > Economy
Books in English > Politics > Politics in General
Books in English > Others
EAN: 9781009396073