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More is Less: Why Parties May Deliberately Write Incomplete Contracts
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| Management number | 201826264 | Release Date | 2025/10/08 | List Price | $10.65 | Model Number | 201826264 | ||
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Format: Paperback / softback
Length: 34 pages
Publication date: 23 May 2024
Publisher: Cambridge University Press
Why are contracts incomplete? Asymmetric information theories also have limitations. This Element offers an explanation based on contracts as 'reference points' showing if parties have different views about the division of surplus, an incomplete contract can be superior if including a contingency would lead to divergent reference points.
Weight: 66g
Dimension: 229 x 152 x 2 (mm)
ISBN-13: 9781009396073
Law
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