Economics of Contracts
Theories and Applications
A contract is an agreement under which two parties make reciprocal commitments in terms of their behavior to coordinate. As this concept has become essential to economics in the last 30 years, three main theoretical frameworks have emerged: 'incentive theory', 'incomplete-contract theory' and 'transaction-costs theory'. These frameworks have enabled scholars to renew both the microeconomics of coordination (with implications for industrial organization, labor economics, law and economics, organization design) and the macroeconomics of 'market' (decentralized) economies and of the institutional framework. These developments have resulted in ne…
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Produktdetails
- ISBN: 978-0-511-03036-9
- EAN: 9780511030369
- Produktnummer: 13807054
- Verlag: Cambridge University Press
- Sprache: Englisch
- Erscheinungsjahr: 2002
- Seitenangabe: 0 S.
- Plattform: PDF
- Masse: 3'133 KB
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