STATE-OF-THE-ART IN CONTRACT ENFORCEMENT UNDER CONDITIONS OF UNCERTAINTY IN INNOVATION INVESTMENT SYSTEMS
We survey most widespread contemporary models of contract enforcement under uncertainty in innovation investment systems. Conditions for signaling, screening and ex ante opportunism in such systems are studied. A comparative analysis of usability of Hart-Moore, Grossman-Hart, and Tirole-Furubotn-RIcher models showed positive and negative sides of each model.