Fares, M’hand - In: L'Actualité Economique 81 (2005) 3, pp. 535-555
Following the recent controversy on the foundations of incomplete contract theory (Maskin and Tirole, 1999; Hart and Moore, 1999; Tirole, 1999), this survey aims at defining the very nature and origin of the contract incompleteness. Two main results are shown: (i) reasons usually advanced to explain...