imcoplete contract
Read the attached article on incomplete contracts in military procurement. Do not fret about the statistics. Your (no more than 1 page) write-up should answer the following questions:
1. What factor(s) contribute to the need to specify incomplete contracts?
2. What are the advantages/disadvantages of incomplete contracts?
3. What variables did the authors found impacted contract design in this case?
4. What general conclusions about contract completeness can you glean from the article.
