Relational contracts as a foundation for contractual incompleteness

Contractual incompleteness is generally defined by a trade-off between costs and benefits. We examine this trade-off in a dynamic setting and show how the ability of the parties to sustain a relational contract leads to more incomplete contracts.

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Year of publication:	2011
Authors:	Desrieux, Claudine ; Beuve, Jean
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 31.2011, 3, p. 2030-2040
Publisher:	AccessEcon
Subject:	Contractual incompleteness \| Relational Contract \| Reputation \| Repeated Games

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	L2 - Firm Objectives, Organization, and Behavior ; D2 - Production and Organizations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009150707