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  • 1
    Electronic Resource
    Electronic Resource
    The Hold-Up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory (2001)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    Bulletin of economic research 53 (2001), S. 0 
    Details
    ISSN: 1467-8586
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: This article provides a nontechnical survey on recent topics in the theory of contracts. The hold-up problem is presented and the incomplete contracts approach is discussed. Emphasis is put on conceptual problems and open questions that await further research.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1467-8586.00114
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    Paper (German National Licenses)
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  • 2
    Electronic Resource
    Electronic Resource
    Randomization in coalition contracts (1998)
    Springer
    Public choice 94 (1998), S. 341-353 
    Details
    ISSN: 1573-7101
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article analyzes a much debated clause in the coalition contract between SPD and FDP in Rheinland-Pfalz. Two parties write a contract, based on which decisions under incomplete information have to be made at a later point in time. It is shown that a complex complete contract can achieve the first best outcome. However, a simple incomplete contract can implement the first best outcome only if use of seemingly inefficient randomization is made.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1004940703549
    Library Location Call Number Volume/Issue/Year Availability
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    Paper (German National Licenses)
    Fulltext
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