Results 231 to 240 of about 13,585 (267)

Incomplete Contracting and the Design of Constitutions

2016
The 1986 article by Grossman and Hart "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.
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Incomplete Contracts and the Theory of the Firm

1991
Abstract “The Nature of the Firm” (together with Coase’s later paper, “The Problem of Social Cost”) has had an enormous influence on the development of research in the theory of organization, even if for a long time it was, in Coase’s words, “much cited and little used.” The situation has changed in the last ten to fifteen years ...
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Incomplete Contracts, Risk, and Ownership

International Economic Review, 1995
This paper develops a model of ownership based on incomplete contracts, specific investments, and risk and tests the model using data on industrial subcontracting in Mexico. The choice of ownership structure involves a trade-off between minimizing holdup risk and spreading natural risk.
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Incomplete contracts and privatization

European Economic Review, 1996
The paper offers a selective survey on the incomplete contracts approach to privatization. Furthermore, a simple model of privatization to an owner-manager is developed in which different allocations of ownership rights lead to different allocations of inside information about the firm which in turn affect allocative and productive efficiency.
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Taxation and Incomplete Contracts [PDF]

, 2012
This paper analyzes the impact of taxation on economic efficiency when contracts are incomplete, firms operate in a perfect competitive market and can choose between integrated or non-integrated governance to cope with contract incompleteness. Taxation reduces incentives to pursue intrafirm coordination, thus the efficiency of firm’s production process
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Definition of Incomplete Contracts

SSRN Electronic Journal, 2016
This note defines incomplete contracts and explains simple contracts. Although widely used in practice, incomplete contracts have not been well defined in the literature.
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Incomplete contracts in dynamic games [PDF]

, 2010
I develop a dynamic model of costly private provision of public goods where agents can also invest in cost-reducing technologies. Despite the n+1 stocks in the model, the analysis is tractable and the (Markov perfect) equilibrium unique. The framework is used to derive optimal incomplete contracts in a dynamic setting.
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Optimally Incomplete Contracts

1998
One of the critical roles for the entrepreneur in successfully starting a new firm and introducing new products or services is to mobilize the necessary resources. These activities include hiring employees and lining up suppliers of intermediate goods and services. Both of these activities involve contracting with other parties.
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Coordinating supply chains with uncertain production cost by incomplete contracts

International Journal of Production Research, 2022
Juliang Zhang
exaly  

Smart contracts vs incomplete contracts: A transaction cost economics viewpoint

Computer Law and Security Review, 2022
Massimiliano Vatiero
exaly