Indescribability and asymmetric information at the contracting stage

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 367-370

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Maskin and Tirole [Maskin, E., Tirole, J., 1999. Unforeseen contingencies and incomplete contracts. Review of Economic Studies, 66, 83-114] show that indescribability does not matter for contractual incompleteness when there is symmetric information both at the contracting stage and at the trading stage. Following their setup, I show that with asymmetric information at both stages, indescribability can matter.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:367-370
Journal Field
General
Author Count
1
Added to Database
2026-01-25