All contracts are inherently incomplete. But they do. This paper focuses especially on asset specificity. With human assets, goods are not transferred across any boundaries. This symbiotic relation must be protected by contracts for both actors' sakes.
Human assets are often ambiguous in value.
They can be described in terms of how firm-specific they are, and in terms of how easily production can be measured. The t.c.a. emphasizes commercial orgs, in which natural selection pressures are present in the forms of market and product competition, though utilities can still be studied in this way. As a result, most of T.'s propositions remain untestable. Those parts of an enterprise that are more critical to org. Just where power rests may vary depending on the nature of the industry and the org.