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Les fondements incomplets de l’incomplétude. Une revue critique de la théorie des contrats incomplets

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  • Camille Chaserant

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

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.

Suggested Citation

  • Camille Chaserant, 2007. "Les fondements incomplets de l’incomplétude. Une revue critique de la théorie des contrats incomplets," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01297143, HAL.
    • Handle: RePEc:hal:cesptp:halshs-01297143
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