Sentence examples for incomplete contract from inspiring English sources

This is because of the need for "goodwill cooperation" in employment relationships founded on incomplete contract and reliance investments.

In that case, an internal employment contract is more flexible than an incomplete contract between separate firms.

I contribute to the literature by allowing for message-contingent delegation and by deriving the optimal partially incomplete contract.

However, Hart insisted that in the incomplete contract the remaining power of assets would be the very key to tackle all sorts of contractual problems (Hart 2006).

To investigate these topics, scholars elaborated on specific theoretical tools, essentially standard agency theory (SAT), incomplete contract theory and game theory.

The political rules (such as those embodied in a constitution), social customs and traditions, and the theoretical underpinnings of neoclassical economics upon which the steering institutions are based form an incomplete contract between the steering institutions and the actuators.

I consider a partially incomplete contracting environment with contractibility of messages and decision rights and with transferable utility.

At the core is the issue of "incomplete contracts" – the fact that contracts are not detailed enough to cover every small point.

As a result, villages and urban governments sign incomplete contracts for entire redevelopment plans.

Due to incomplete contracts, a more complex and costly warranty arrangement is required.

In the theory of incomplete contracts, this problem is mitigated by assigning the control rights to the supplier.