Jump to ContentJump to Main Navigation

You are looking at 1-10 of 22 items

  • Keywords: incomplete contracts x
Clear All Modify Search

View:

Firms, Contracts, and Financial Structure

Oliver Hart

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.001.0001
Subject:
Economics and Finance, Financial Economics

This book provides a framework for thinking about economic relationships and institutions such as firms. The basic argument is that in a world of incomplete contracts, institutional arrangements are ... More


The impact of Rules of Origin on strategic outsourcing: an IO perspective

Olivier Cadot, Antoni Estevadeordal, Akiko Suwa-Eisenmann, and Thierry Verdier

in The Origin of Goods: Rules of Origin in Regional Trade Agreements

Published in print:
2006
Published Online:
May 2006
ISBN:
9780199290482
eISBN:
9780191603471
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199290482.003.0003
Subject:
Economics and Finance, International

This chapter considers the impact of Rules of Origins (ROOs) on two aspects of the international production fragmentation process. First, in an imperfect competitive environment with ‘strategic ... More


Formal Approaches

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter discusses advances in formal economic theory by examining how different positions among economists arise from their different assumptions and models. The discussion focuses on ways in ... More


Delegation of Powers and the Fiduciary Principle

Giandomenico Majone

in Dilemmas of European Integration: The Ambiguities and Pitfalls of Integration by Stealth

Published in print:
2005
Published Online:
February 2006
ISBN:
9780199274307
eISBN:
9780191603310
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199274304.003.0004
Subject:
Political Science, European Union

Broad delegation of powers to supranational institutions is a distinctive feature of the Community method. Broad delegation presupposes a fiduciary relation, hence, the progressive erosion of the ... More


Established Theories of the Firm

Oliver Hart

in Firms, Contracts, and Financial Structure

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.003.0002
Subject:
Economics and Finance, Financial Economics

Discusses why neither neoclassical nor principal‐agent theories can satisfactorily explain a long‐standing issue in organization theory: the determinants of the boundaries of the firm. The final ... More


A Discussion of the Foundations of the Incomplete Contracting Model

Oliver Hart

in Firms, Contracts, and Financial Structure

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.003.0005
Subject:
Economics and Finance, Financial Economics

Discusses the foundations of the incomplete contracting model used in the previous chapters. The first part of the chapter examines the hold‐up problem in more detail. The author considers some ... More


Theories of Financial Contracting and Debt

Oliver Hart

in Firms, Contracts, and Financial Structure

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.003.0006
Subject:
Economics and Finance, Financial Economics

Studies the optimal financial contract written by a wealth‐constrained entrepreneur who raises funds from an outside investor to purchase an asset. The models presented assume that the entrepreneur ... More


The Property Rights Approach

Oliver Hart

in Firms, Contracts, and Financial Structure

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198288817
eISBN:
9780191596353
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288816.003.0003
Subject:
Economics and Finance, Financial Economics

The neoclassical, principal‐agent and transaction costs theories cannot by themselves explain firm boundaries. This chapter describes a theory—the incomplete contracting or property rights ... More


The Employment Relationship

David Marsden

in A Theory of Employment Systems: Micro-Foundations of Societal Diversity

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198294221
eISBN:
9780191596612
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198294220.003.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

The employment relationship is flexible because it is open‐ended or ‘incomplete’, but no workers would agree to be become employees unless there were some agreement over the limits to which managers ... More


The Economic Theory of Privatization

BERNARDO BORTOLOTTI DOMENICO SINISCALCO

in The Challenges of Privatization: An International Analysis

Published in print:
2004
Published Online:
April 2004
ISBN:
9780199249343
eISBN:
9780191600845
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199249342.003.0002
Subject:
Economics and Finance, Financial Economics

This chapter presents a concise survey of the economic literature of privatization providing the theoretical backing for the empirical analyses carried out in the book. The chapter shows why private ... More


View: