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IMPACT OF INCOMPLETE CONTRACTS ON ECONOMICS IBD

OXFORD UNIVERSITY PRESS
12 / 2016
9780199826216
Anglès

Sinopsi

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.áThe Impact of Incomplete Contracts on Economicsácollects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession.

PVP
97,56