Les fondements incomplets de l’incomplétude. Une revue critique de la théorie des contrats incomplets
Camille Chaserant ()
Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
h e incomplete contract theory sets all the models analyzing the causes and the consequences of contractual incompleteness resting on the standard rationality assumption. An incomplete contract is defined as a contract that does not specify all the relevant contin- gencies. Inverifiability, i.e. asymmetrical information between parties and courts because of the existence of contractualisation costs, explains incompleteness. This paper presents the main models and arguments of the incomplete contract theory from a critical perspec- tive. I argue that this approach focuses on ideas of renegotiation and incompleteness that are very specific and may be misleading.
Keywords: contrat; incomplétude; contingences imprévues; renégociation (search for similar items in EconPapers)
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Published in Actualite Economique, Ecole des Hautes Etudes Commerciales, 2007, 83 (2), pp.227-253
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Journal Article: Les fondements incomplets de l’incomplétude: Une revue critique de la théorie des contrats incomplets* (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-01297143
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