A Nobel Prize for property rights theory (Q725076)
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scientific article; zbMATH DE number 6911977
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| English | A Nobel Prize for property rights theory |
scientific article; zbMATH DE number 6911977 |
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A Nobel Prize for property rights theory (English)
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1 August 2018
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Summary: This article provides a brief overview of the property-rights theory of the firm, pioneered by \textit{S. J. Grossman} and \textit{O. D. Hart} [``The costs and benefits of ownership: a theory of vertical and lateral integration'', J. Polit. Econ. 94, No. 4, 691--719 (1986; \url{doi:10.1086/261404})] and \textit{O. Hart} and \textit{J. Moore} [Econometrica 56, No. 4, 755--785 (1988; Zbl 0644.90011)], and situates the theory in other literatures.
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contracts
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firms
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incomplete contracts
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property-rights theory
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0.7353053092956543
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0.7190666198730469
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0.7070410251617432
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0.7070410251617432
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0.702522337436676
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