Incomplete Contracts, Specific Investments, and Risk Sharing
- 1 October 1991
- journal article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 58 (5) , 1031-1042
- https://doi.org/10.2307/2297950
Abstract
An optimal contract design problem is considered. Contracts which are incomplete and simple are used to investigate the extent to which constrained rKeywords
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