Matches in DBpedia 2016-04 for { <http://dbpedia.org/resource/Complete_contract> ?p ?o }
Showing triples 1 to 30 of
30
with 100 triples per page.
- Complete_contract abstract "A complete contract is an important concept from contract theory.If the parties to an agreement could specify their respective rights and duties for every possible future state of the world, their contract would be complete. There would be no gaps in the terms of the contract.However, because it would be prohibitively expensive to write a complete contract, contracts in the real world are usually incomplete. When a dispute arises and the case falls into a gap in the contract, either the parties must engage in bargaining or the courts must step in and fill in the gap. The idea of a complete contract is closely related to the notion of default rules, e.g. legal rules that will fill the gap in a contract in the absence of an agreed upon provision.In economics, the field of contract theory can be subdivided into the theory of complete contracts and the theory of incomplete contracts. Complete contracting theory is also called agency theory (or principal-agent theory) and closely related to (Bayesian) mechanism design and implementation theory. The two most important classes of models in complete contracting theory are adverse selection and moral hazard models. In this part of contract theory, every conceivable contractual arrangement between the contractual parties is allowed, provided it is feasible given the relevant technological and information constraints. In the presence of asymmetric information, the optimization problems can be handled due to the revelation principle. A leading textbook exposition of complete contract theory is Laffont and Martimort (2002).In contrast, incomplete contracting models consider situations in which only a restricted class of contracts is allowed, e.g. only simple ownership structures can be contractually specified in the Grossman-Hart-Moore theory of the firm.".
- Complete_contract wikiPageExternalLink legal-theory-lexicon-default-rules-and-completeness.html.
- Complete_contract wikiPageID "298792".
- Complete_contract wikiPageLength "2948".
- Complete_contract wikiPageOutDegree "14".
- Complete_contract wikiPageRevisionID "698615216".
- Complete_contract wikiPageWikiLink Adverse_selection.
- Complete_contract wikiPageWikiLink Bargaining.
- Complete_contract wikiPageWikiLink Category:Contract_law.
- Complete_contract wikiPageWikiLink Contract_theory.
- Complete_contract wikiPageWikiLink Default_rule.
- Complete_contract wikiPageWikiLink Implementation_theory.
- Complete_contract wikiPageWikiLink Incomplete_contracts.
- Complete_contract wikiPageWikiLink Mechanism_design.
- Complete_contract wikiPageWikiLink Moral_hazard.
- Complete_contract wikiPageWikiLink Principal–agent_problem.
- Complete_contract wikiPageWikiLink Revelation_principle.
- Complete_contract wikiPageWikiLink Theory_of_the_firm.
- Complete_contract wikiPageWikiLinkText "Complete contract".
- Complete_contract wikiPageWikiLinkText "complete contract".
- Complete_contract wikiPageUsesTemplate Template:Reflist.
- Complete_contract subject Category:Contract_law.
- Complete_contract hypernym Concept.
- Complete_contract comment "A complete contract is an important concept from contract theory.If the parties to an agreement could specify their respective rights and duties for every possible future state of the world, their contract would be complete. There would be no gaps in the terms of the contract.However, because it would be prohibitively expensive to write a complete contract, contracts in the real world are usually incomplete.".
- Complete_contract label "Complete contract".
- Complete_contract sameAs Q5156495.
- Complete_contract sameAs m.01rmpg.
- Complete_contract sameAs Q5156495.
- Complete_contract wasDerivedFrom Complete_contract?oldid=698615216.
- Complete_contract isPrimaryTopicOf Complete_contract.