• DocumentCode
    2827292
  • Title

    Foundations of Incomplete Contract Theory: A Survey

  • Author

    Hao Yunhong ; Gaojie

  • Author_Institution
    Coll. of Bus. Adm., Zhejiang Gongshang Univ., Hangzhou, China
  • fYear
    2009
  • fDate
    11-13 Dec. 2009
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    It is difficult for incomplete contract theory (ICT) to modeling under the consumption of bounded rationality. After the GHM model, the challenge for its robust foundation hasn´t stopped. Besides, the robustness becomes perfect after the disputes between MT and HMS. Theirs debate is focus on theory´s foundation. This paper formalizes the disputes in an integrated framework and comments on the constraint. Finally, this paper illuminates the development about the foundation of the theory.
  • Keywords
    economics; GHM model; ICT foundation; bounded rationality; incomplete contract theory; Contracts; Costs; Educational institutions; Investments; Mechanical factors; Optimal control; Power generation economics; Robustness; Standardization; Statistics;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Computational Intelligence and Software Engineering, 2009. CiSE 2009. International Conference on
  • Conference_Location
    Wuhan
  • Print_ISBN
    978-1-4244-4507-3
  • Electronic_ISBN
    978-1-4244-4507-3
  • Type

    conf

  • DOI
    10.1109/CISE.2009.5363923
  • Filename
    5363923
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=2827292