文章基本信息

标题：Foundations of Incomplete Contracts
本地全文：下载
作者：Oliver Hart ; John Moore
期刊名称：Distributional Analysis Publications
印刷版ISSN：1352-2469
出版年度：1998
卷号：1998
出版社：Suntory Toyota International Centres for Economics and Related Disciplines
摘要：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 (1998a). In doing so, we develop a model that provides a rigorous foundation for the idea that contracts are incomplete.