A Nobel Prize for property rights theory (Q725076)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: A Nobel Prize for property rights theory |
scientific article; zbMATH DE number 6911977
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A Nobel Prize for property rights theory |
scientific article; zbMATH DE number 6911977 |
Statements
A Nobel Prize for property rights theory (English)
0 references
1 August 2018
0 references
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.
0 references
contracts
0 references
firms
0 references
incomplete contracts
0 references
property-rights theory
0 references
