Contract Incompleteness in commercial real estate is a function of many variables and determines the long term values …/benefits of leasing. This article introduces new models for contract completeness and optimal rents in commercial real estate …

of “contract incompleteness” in commercial real estate leases, and explains the influence of “contract incompleteness” in …

We propose a theory to explain the choice between nominal and indexed labor contracts. We find that contracts should be … allowing agents to choose mixed strategies, and find that the optimal contract is indeed nominal for certain parameters. For … other parameters, however, we show that the optimal contract is indexed. Our findings are consistent with two empirical …