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Content archived on 2024-05-07

"why are contracts incomplete? missing contingencies in written contracts - complexity of the environment and ignorant agents"

Objective



Research objectives and content
The objective of my thesis is to provide a foundation of incomplete contracts. Recent research has shown that the concept of incomplete contracting is crucial to explaining important economic issues such as the boundaries of the firm, corporate control and optimal asset ownership. While a considerable amount of research has been consecrated to the economics of property and control rights there is no well accepted incomplete contracting paradigm. A rigorous framework will have to be provided in order to approach the problem of why contracts are incomplete and thus justify the assumption upon which much of the literature is based. The thesis proposes to investigate the impact of an enriched range of informational structure on the form of an optimal contract in the framework of a theoretical model.
Training content (objective, benefit and expected impact)
The research project will be carried out within the framework of the PhD program in Economics at the LSE. In the first year I will be following courses and take part in a research strategy seminar and other research seminars.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

RGI - Research grants (individual fellowships)

Coordinator

LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE
EU contribution
No data
Address
Houghton Street
WC2A 2AE LONDON
United Kingdom

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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (1)

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