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Foundations of Incomplete Contracts
Open accessAbstract
In the last few years, a new area has emerged in economic theory, which goes under the heading of “incomplete contracting” However, almost since its inception, the theory has been under attack for its lack of rigorous foundations. In this paper, we evaluate some of the criticisms that have been made of the theory, in particular, those in Maskin and Tirole (1999a). In doing so, we develop a model that provides a rigorous foundation for the idea that contracts are incomplete.
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Citations
Cited by
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The Cost of Diversity: The Diversification Discount and Inefficient Investment
Rajan, R. G., Servaes, H., & Zingales, L. (1998) · SSRN Electronic Journal · doi:10.2139/ssrn.56108 · Cited by 409
Research Note—Information Technology, Contract Completeness, and Buyer-Supplier Relationships
Banker, R. D., Kalvenes, J., & Patterson, R. A. (2006) · Information Systems Research · doi:10.1287/isre.1060.0083 · Cited by 34
Metadata
- Authors
- Hart, O., & Moore, J.
- Venue
- Review of Economic Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 1999-01
- Volume
- 66
- Issue
- 1
- Pages
- 115-138
- ISSN
- 0034-6527 (ISSN-L)
- 1467-937X
- OpenAlex
- W1972576501
- Cited by
- 960
- References
- 0
- FWCI
- 67.65
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
