TY  - JOUR
AU  - Hart,Oliver
AU  - Moore,John
TI  - Foundations of Incomplete Contracts
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6726
PY  - 1998
Y2  - September 1998
UR  - http://www.nber.org/papers/w6726
L1  - http://www.nber.org/papers/w6726.pdf
N1  - Author contact info:
Oliver D. Hart
Department of Economics
Littauer Center 220
Harvard University
Cambridge, MA 02138
Tel: 617/496-3461
Fax: 617-495-7730
E-Mail: ohart@harvard.edu

John Moore
William Robertson Building
Edinburgh
Scotland, EH8 9JY
U.K.
E-Mail: j.h.moore@ed.ac.uk
AB  - In the last few years a new area has emerged in economic theory, which goes under the heading of However, almost since its inception, the theory has been under attack for its lack of rigorous foundations.  In this paper, we evaluate some of the criticisms that have been made of the theory, in particular, those in Maskin and Tirole (1998a).  In doing so, we develop a model that provides a rigorous foundation for the idea that contracts are incomplete.
ER  -