Contract incompleteness might lead to overinvestment when the investment is unobservable and cooperative (the buyer's value of the good depends on the seller's investment), and the players have asymmetric information during the bargaining (the buyer has p
Contract incompleteness might lead to overinvestment when the investment is unobservable and cooperative (the buyer's value of the good depends on the seller's investment), and the players have asymmetric information during the bargaining (the buyer has p
本研究发现，当投资为合作的（如买方所要买的物品，因卖方的投资而有较好的品质），而且在投资后的谈判中，买卖双方所拥有的资讯并不对称时，不完全契约的环境可能造成过度投资。