Insomplete Contracts And Economic Organization
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The Impact Of Incomplete Contracts On Economics
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Author : Philippe Aghion
language : en
Publisher: Oxford University Press
Release Date : 2015-12-22
The Impact Of Incomplete Contracts On Economics written by Philippe Aghion and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-22 with Business & Economics categories.
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.
Insomplete Contracts And Economic Organization
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Author : Nicolai J. Foss
language : en
Publisher:
Release Date : 1997
Insomplete Contracts And Economic Organization written by Nicolai J. Foss and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
The Economics Of Contracts
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Author : Eric Brousseau
language : en
Publisher: Cambridge University Press
Release Date : 2002-10-17
The Economics Of Contracts written by Eric Brousseau and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-10-17 with Business & Economics categories.
A 2002 survey of economics of contracts appealing to scholars in economics, management and law.
Incomplete Contracts And The External Organization Of Firms
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Author : Philippe Aghion
language : en
Publisher:
Release Date : 2013
Incomplete Contracts And The External Organization Of Firms written by Philippe Aghion and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Contract Governance And Transaction Cost Economics
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Author : Oliver E Williamson
language : en
Publisher: World Scientific
Release Date : 2017-03-24
Contract Governance And Transaction Cost Economics written by Oliver E Williamson and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-24 with Business & Economics categories.
This book brings together a collection of seven papers on Transaction Cost Economics by Nobel Laureate Professor Oliver E Williamson. The applications of Transaction Cost Economics are extensive, ranging from the field of industrial organization and applied fields of economics such as labor, public finance, comparative economic systems and economic development, to the business fields of strategy, organizational behavior, marketing, finance, operations management, and accounting. In short, as Williamson states, "any problem that originates as or can be reformulated as a contracting problem can be examined to advantage in transaction cost economizing terms." What is referred to as New Institutional Economics is developed in the West in two mainly complementary ways: Property Rights Theory, and Transaction Cost Economics. Of the two, Property Rights Theory developed more rapidly. Transaction Cost Economics has nonetheless taken shape of late. In China, research on New Institutional Economics began in the 1990s and has grown rapidly since. China has similarly given much more attention to Property Rights Theory. Gengxuan Chen, the editor of this volume, recommends that China will benefit by bringing Transaction Cost Economics to bear. Simultaneously, for scholars who study the market economy, Transaction Cost Economics provides a very attractive way to explain the practice of the Chinese market economy.
Incomplete Contracts And Industrial Organization
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Author : Gene M. Grossman
language : en
Publisher:
Release Date : 1999
Incomplete Contracts And Industrial Organization written by Gene M. Grossman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Contracts categories.
Incomplete Contracts And Industrial Organization
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Author : Patrick Legros
language : en
Publisher:
Release Date : 2011
Incomplete Contracts And Industrial Organization written by Patrick Legros and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Firms Incomplete Contracts And Organizational Learning
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Author : Nicolai J. Foss
language : en
Publisher:
Release Date : 1998
Firms Incomplete Contracts And Organizational Learning written by Nicolai J. Foss and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
This explorative paper argues that the central problem of economic organization is adaptation to unforeseen contingencies. However, flexibility is a rather neglected issue in the theory of economic organization. This contrasts with much organization theory, in which the seeking and processing of information about the organization's key uncertainties is seen as a determinant of organizational form. The notion of incomplete contracts is argued to provide a means to bridging ideas from organizational economics and organization theory, particularly organizational learning. Incomplete contracts are not only important because they provide room for incentive problems, but more importantly because they allow firms to exploit processes of organizational learning that must always involve some unforeseen contingencies. Firms are seen as efficient institutional responses to learning processes that involve strongly complementary problem-solving activities.
Incomplete Contracts And The Internal Organization Of Firms
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Author : Philippe Aghion
language : en
Publisher:
Release Date : 2013
Incomplete Contracts And The Internal Organization Of Firms written by Philippe Aghion and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Economics categories.
We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decision-making within firms. We then overview the empirical evidence on the determinants of decentralization and on the effects of decentralization on firm performance. A number of factors highlighted in the theory are shown to be important in accounting for delegation, such as heterogeneity and congruence of preferences as proxied by trust. Empirically, competition, human capital and IT also appear to foster decentralization. There are substantial gaps between theoretical and empirical work and we suggest avenues for future research in bridging this gap.
Economic Analysis Of Contract Law
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Author : Sugata Bag
language : en
Publisher: Springer
Release Date : 2018-01-24
Economic Analysis Of Contract Law written by Sugata Bag and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-24 with Law categories.
This book examines the main issues arising in economic analysis of contract law with special attention given to the incomplete contracts. It discusses both the main features of contract law as they relate to the problem of economic exchange, and how the relevant legal rules and the institutions can be analysed from an economic perspective. Evaluate the welfare impacts, analyses the effects and the desirability of different breach remedies and examines the optimal incentive structure of party-designed liquidated damages under the different dimensions of informational asymmetry. Overall the book aims to contribute to the legal debate over the adoption of the specific breach remedies when the breach victim’s expectation interest is difficult to assess, and to the debate over courts' reluctance to implement large penalties in the event of breach of contracts.