The Impact of Incomplete Contracts on Economics 1st Edition

Name: The Impact of Incomplete Contracts on Economics 1st Edition
SKU: 6af478abe8c0
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SKU: 6af478abe8c0 Category: Law Textbooks

Description

Author(s)

Philippe Aghion; Mathias Dewatripont; Patrick Legros
Publisher

Oxford University Press
Format

PDF
Print ISBN
9780199826223, 0199826226
eText ISBN
9780199826223, 0199826226
Edition

1st
Copyright
Details
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.