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Relational contracts as a foundation for contractual incompleteness

Author

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  • Jean Beuve

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Claudine Desrieux

    (CRED - Centre de Recherche en Economie et Droit - UP2 - Université Panthéon-Assas)

Abstract

Contractual incompleteness is generally defined by a trade-off between costs and benefits. We examine this trade-off in a dynamic setting and show how the ability of the parties to sustain a relational contract leads to more incomplete contracts. We would like to thank

Suggested Citation

  • Jean Beuve & Claudine Desrieux, 2011. "Relational contracts as a foundation for contractual incompleteness," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01463000, HAL.
    • Handle: RePEc:hal:cesptp:hal-01463000
    Note: View the original document on HAL open archive server: https://paris1.hal.science/hal-01463000
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    References listed on IDEAS

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