Results 251 to 260 of about 270,006 (285)

Incomplete contracts in dynamic games [PDF]

open access: yes, 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.
Bard Harstad
openaire   +3 more sources

INCOMPLETE CONTRACTS MODELLING

Metroeconomica, 2008
ABSTRACTContractual incompleteness has been understood in the literature as the conditions under which contracts are insufficiently state contingent due to non‐observable and/or non‐verifiable states of the world. The term incomplete contracts has been used in different meanings: to denote both proper contractual incompleteness (in a complete contracts
Basile, Liliana, Trani, Raffaele
openaire   +1 more source

Incomplete Contracts and Complexity Costs [PDF]

open access: possibleTheory and Decision, 1999
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Anderlini L., Felli L.
openaire   +2 more sources

An Incomplete Contracts Approach to Financial Contracting

The Review of Economic Studies, 1992
We analyze incomplete long-term financial contracts between an entrepreneur with no initial wealth and a wealthy investor. Both agents have potentially conflicting objectives since the entrepreneur cares about both pecuniary and non-pecuniary returns from the project while the investor is only concerned about monetary returns.
Aghion, Philippe, Bolton, Patrick
openaire   +2 more sources

Unforeseen Contingencies and Incomplete Contracts

Review of Economic Studies, 1999
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Maskin, Eric, Tirole, Jean
openaire   +3 more sources

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