Risk allocation in contracts : from the economics of incomplete contracts to the effective practices in administrative contracts Risk allocation in contracts is an important issue for both economics and law. It questions the theoretical, methodological, and empirical foundations of economic and...

Risks allocation in Government contract performance is a key issue for both economic analysis and legal doctrine. However one factor which restrains the dialogue between law and economics (in France at least) is that, while economics develops normative and pure theories of optimal risk...