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MessagePosté le: Sam 3 Sep - 23:36 (2016)    Sujet du message: Unforeseen Contingencies And Incomplete Contracts Pdf Downl Répondre en citant




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Some suggestions: Go back to the last page Go to the home page .. Accepted October 1, 1998. Oxford Journals Social Sciences Review of Economic Studies Volume 66 Issue 1 Pp. The foregoing optimality result holds very generally provided that parties can commit themselves not to renegotiate. 403 Forbidden . Previous Next Article Table of Contents This Article Review of Economic Studies (1999) 66 (1): 83-114. In other words, all that is required for optimality is that agents be able to perform dynamic programming, an assumption always invoked by the incomplete contract literature. Your browser doesn't accept cookies. About This Journal Contact This Journal Subscriptions View Current Issue (Volume 83 Issue 3 July 2016) Archive Search .

Abstract We scrutinize the conceptual framework commonly used in the incomplete contract literature. Copyright 1999, The Review of Economic Studies Limited . Moreover, we point out that renegotiation may be hard to reconcile with a framework that otherwise presumes perfect rationality. This literature usually assumes that contractual incompleteness is due to the transaction costs of describingor of even foreseeingthe possible states of nature in advance. If you require any further clarification, please contact our Customer Services Department. We use cookies to enhance your experience on our website. Skip Navigation . Search this journal: Advanced Current Issue July 2016 83 (3) Alert me to new issues The Journal About the journal Rights & permissions Managing Editors Report Review of the Review We are mobile find out more This journal is a member of the Committee on Publication Ethics (COPE) Published on behalf of Review of Economic Studies Ltd Impact factor: 4.0775-Yr impact factor: 4.973 Managing Editors Jerome Adda Nicola Gennaioli Gita Gopinath Christian Hellwig Botond Kszegi ureo de Paula Michele Tertilt View full editorial board Contact the editorial office Annika Andreasson Editorial Office Review of Economic Studies Institute for International Economic Studies Stockholm University Click to email 10691 Stockholm Sweden Work +46 8 16 29 24 Fax +46 8 16 41 77 Alerting Services Email table of contents Email Advance Access CiteTrack XML RSS feed For Authors Services for authors Instructions to authors Submit now! Self archiving policy Managing Editors Report Summary Turnaround Statistics Corporate Services What we offer Reprints Supplements Most Most Read Consideration Sets and Competitive Marketing Do Prices Determine Vertical Integration? Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity Estimates of the Trade and Welfare Effects of NAFTA Growing up in a Recession View all Most Read articles Most Cited Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations The Economic Implications of Learning by Doing Identification of Endogenous Social Effects: The Reflection Problem Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme Financial Intermediation and Delegated Monitoring View all Most Cited articles . However, even if renegotiation is allowed, the result still remains valid provided that parties are risk averse.

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