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Definition of Incomplete Contracts

SSRN Electronic Journal, 2016
This note defines incomplete contracts and explains simple contracts. Although widely used in practice, incomplete contracts have not been well defined in the literature.
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Incomplete contracts in dynamic games [PDF]

open access: possible, 2010
I develop a dynamic model of costly private provision of public goods where agents can also invest in cost-reducing technologies. Despite the n+1 stocks in the model, the analysis is tractable and the (Markov perfect) equilibrium unique. The framework is used to derive optimal incomplete contracts in a dynamic setting.
openaire   +1 more source

The Consequences of Hiring Lower-Wage Workers in an Incomplete-Contract Environment

, 2015
Jason L. Brown   +3 more
semanticscholar   +1 more source

Optimally Incomplete Contracts

1998
One of the critical roles for the entrepreneur in successfully starting a new firm and introducing new products or services is to mobilize the necessary resources. These activities include hiring employees and lining up suppliers of intermediate goods and services. Both of these activities involve contracting with other parties.
openaire   +1 more source

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