The Impact of Incomplete Contracts on Economics

Nonfiction, Reference & Language, Law, Contracts, Business & Finance, Business Reference, Business Law, Economics, Theory of Economics
Cover of the book The Impact of Incomplete Contracts on Economics by , Oxford University Press
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Author: ISBN: 9780190259013
Publisher: Oxford University Press Publication: December 22, 2015
Imprint: Oxford University Press Language: English
Author:
ISBN: 9780190259013
Publisher: Oxford University Press
Publication: December 22, 2015
Imprint: Oxford University Press
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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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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