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Impact of Incomplete Contracts on Economics
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Artikel-Nr:
9780190259013
Veröffentl:
2015
Einband:
EPUB
Seiten:
224
Autor:
Philippe Aghion
eBook Typ:
EPUB
eBook Format:
EPUB
Kopierschutz:
Adobe DRM [Hard-DRM]
Sprache:
Englisch
Beschreibung:
The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "e;A Theory of Vertical and Lateral Integration"e; 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.
The 1986 article by Sanford J. Grossman and Oliver D. Hart titled "e;A Theory of Vertical and Lateral Integration"e; 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.