An incomplete contracts approach to financial contracting: a comment

Jukka Vauhkonen ()
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Jukka Vauhkonen: Bank of Finland

Economics Bulletin, 2002, vol. 7, issue 1, 1-3

Abstract: We show that the principal result of Aghion and Bolton (1992) related to the optimality properties of contingent control allocations under incomplete contracting environment holds only if an additional condition is satisfied.

JEL-codes: G3 (search for similar items in EconPapers)
Date: 2002-05-28
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Citations: View citations in EconPapers (2)

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