The impact of incomplete contracts on economics:

"The 1986 article by Grossman and Hart "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete con...

Full description

Saved in:
Bibliographic Details
Other Authors: Aghion, Philippe 1956- (Editor), Dewatripont, Mathias (Editor), Legros, Patrick (Editor), Zingales, Luigi 1963- (Editor)
Format: Book
Language:English
Published: New York Oxford University Press [2016]
Subjects:
Online Access:Inhaltsverzeichnis
Summary:"The 1986 article by Grossman and Hart "A Theory of Vertical and Lateral Integration" has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession. It shows that the impact has been felt sometimes in significant ways in a variety of fields, ranging from the theory of the firm and their internal organization to industrial organization, international trade, finance, management, public economy, and political economy and political science. Beyond acknowledging how the property rights approach has permeated economics as a whole, the contributions in the book also highlight the road ahead...-how the paradigm may change the way research is performed in some of the fields, and what type of research is still missing. The book concludes with a discussion of the foundations of the property rights, and more generally the incomplete contracting, approaches and with a series of contributions showing how behavioral considerations may provide a new way forward"...
Item Description:Includes bibliographical references and index
Physical Description:xiv, 419 Seiten Illustrationen, Diagramme
ISBN:9780199826223
9780199826216

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Indexes