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Taxation and Incomplete Contracts [PDF]
, 2012 This paper analyzes the impact of taxation on economic efficiency when contracts are incomplete, firms operate in a perfect competitive market and can choose between integrated or non-integrated governance to cope with contract incompleteness. Taxation reduces incentives to pursue intrafirm coordination, thus the efficiency of firm’s production process
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Incomplete Contracts and Institutions
2005Il capitolo è pubblicato nell'HANDBOOK OF LAW AND ECONOMICS curato da J. Backhaus Editor dell'European Journal of Law and Economics.
Nicita, Antonio, Pagano, Ugo
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Incomplete Contracts and Renegotiation
SSRN Electronic Journal, 2004The parties to a contract typically make a lot of decisions during the time it is in force, and the paper is based on the premise that it takes time to be involved in any one of these decisions. Attempts to economize on decision-making time then imply that the parties may write a contract in which each cedes some decision rights to the other.
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