Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10009351322
A simple model is presented, in which contradictory instructions are viewed as a type of contract incompleteness. The model provides a complexity-based rationale for contradictory instructions. If there are complexity bounds on the contract, there may be an incentive to introduce contradictions,...
Persistent link: https://www.econbiz.de/10005232121