The impact of transaction costs in incomplete contracts on prices submitted in the tendering process
All contracts are inherently incomplete because although principals and agents agree ex ante to abide by the terms of the contract, their respective investments differ. In anticipation of performance, both recognise incentives for opportunistic behaviour. Investigating the perceptions of both partie...
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Language: | en |
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2014
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Online Access: | http://hdl.handle.net/2263/40071 Fourie, JA 2014-06-08, The impact of transaction costs in incomplete contracts on prices submitted in the tendering process, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/40071> |