More is less : why parties may deliberately write incomplete contracts / Maija Halonen-Akatwijuka, University of Bristol; Oliver Hart. Harvard University.

"Why are contracts incomplete? Transaction costs and bounded rationality cannot be a total explanation since states of the world are often describable, foreseeable, and yet are not mentioned in a contract. Asymmetric information theories also have limitations. We offer an explanation based on &...

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Bibliographic Details

Main Authors:	Halonen-Akatwijuka, Maija (Author), Hart, Oliver D. (Author)
Format:	Book
Language:	English
Published:	Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2024.
Series:	Cambridge elements - law, economics, and politics.
Subjects:	Incomplete contracts. Contracts. Contrats. contracts.