Complexity Constraints and Optimal Contracts
Suren Basov
Chapter Chapter 4 in Social Norms, Bounded Rationality and Optimal Contracts, 2016, pp 57-68 from Springer
Abstract:
Abstract In this chapter I discuss the definitions of complexity that emerged in different areas of science and their relevance to the economic theory of optimal contracts.
Keywords: Turing Machine; Sharing Rule; Optimal Contract; Contingent Contract; Incomplete Contract (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:steccp:978-981-10-1041-5_4
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DOI: 10.1007/978-981-10-1041-5_4
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