Contract theory

Contract theory

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Rarity: Common

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Notion
Domain
Science and technology
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What Wikipedia says

From an economic perspective, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of information asymmetry. Because of its connections with both agency and incentives, contract theory is often categorized within a field known as law and economics.

Excerpt from the Wikipedia article “Contract theory”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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