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The Impact of Incomplete Contracts on Economics

The Impact of Incomplete Contracts on Economics

Paperback

Business GeneralEconomicsGeneral Law

ISBN10: 0199826218
ISBN13: 9780199826216
Publisher: Oxford University Press
Published: Jan 21 2016
Pages: 440
Weight: 1.30
Height: 1.20 Width: 6.10 Depth: 9.10
Language: English
The 1986 article by Sanford J. Grossman and Oliver D. Hart titled 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.

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Aghion, Philippe

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Economics