Indescribability and its irrelevance for contractual incompleteness
نویسندگان
چکیده
منابع مشابه
Fairness, Incentives and Contractual Incompleteness
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral hazard context. Incentive contracts that are optimal when there are only selfish actors become inferior when some agents are concerned about fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful incentives and become superior ...
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ژورنال
عنوان ژورنال: Review of Economic Design
سال: 2009
ISSN: 1434-4742,1434-4750
DOI: 10.1007/s10058-009-0082-y