The Impact of Incomplete Contracts on Economics

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.


Author: Philippe Aghion
Publisher: Oxford University Press, USA
Published: 01/21/2016
Pages: 440
Binding Type: Paperback
Weight: 1.30lbs
Size: 9.10h x 6.10w x 1.20d
ISBN: 9780199826216

About the Author

Philippe Aghion is the Robert C. Waggoner Professor of Economics at Harvard University and a fellow of the Econometric Society and of the American Academy of Arts and Sciences.

Mathias Dewatripont is Director of the National Bank of Belgium, Professor of Economics at the Université libre de Bruxelles. and a fellow of the Econometric Society and of the American Academy of Arts and Sciences

Patrick Legros is Professor of Economics at the Université libre de Bruxelles in Belgium and a fellow of its research center ECARES.

Luigi Zingales is Robert C. McCormack Distinguished Service Professor of Entrepreneurship and Finance and Charles M. Harper Faculty Fellow at the University of Chicago Booth School of Business.

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