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More is Less
- Binding:
- Paperback
- Pages:
- 34
- Published:
- May 22, 2024
- Dimensions:
- 152x228x5 mm.
- Weight:
- 68 g.
In stock
Delivery:
3-5 business days
Expected delivery: March 22, 2025
About Maija (University of Bristol) Halonen-Akatwijuka
View all books by Maija (University of Bristol) Halonen-AkatwijukaDescription of More is Less
Why are contracts incomplete? Asymmetric information theories also have limitations. This Element offers an explanation based on contracts as 'reference points' showing if parties have different views about the division of surplus, an incomplete contract can be superior if including a contingency would lead to divergent reference points.
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