Incomplete contracts, incentives and economic power
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Alchian, Armen A & Demsetz, Harold, 1972.
"Production , Information Costs, and Economic Organization,"
American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
- Armen A. Alchian & Harold Demsetz, 1971. "Production, Information Costs and Economic Organizations," UCLA Economics Working Papers 10A, UCLA Department of Economics.
- Patrick Bolton & Mathias Dewatripont, 2005.
"Contract Theory,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262025760, April.
- Mathias Dewatripont & Patrick Bolton, 2005. "Contract theory," ULB Institutional Repository 2013/9543, ULB -- Universite Libre de Bruxelles.
- Grossman, Sanford J & Hart, Oliver D, 1986.
"The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
- Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers 372, Massachusetts Institute of Technology (MIT), Department of Economics.
- Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
- Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
- Luca Anderlini & Leonardo Felli, 1994.
"Incomplete Written Contracts: Undescribable States of Nature,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(4), pages 1085-1124.
- Anderlini, L. & Felli, L., 1993. "Incomplete Written Contracts: Undescribable States of Nature," Papers 183, Cambridge - Risk, Information & Quantity Signals.
- Bowles, Samuel, 1985. "The Production Process in a Competitive Economy: Walrasian, Neo-Hobbesian, and Marxian Models," American Economic Review, American Economic Association, vol. 75(1), pages 16-36, March.
- Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
- Maskin, Eric, 2002.
"On indescribable contingencies and incomplete contracts,"
European Economic Review, Elsevier, vol. 46(4-5), pages 725-733, May.
- Eric Maskin, 2001. "On Indescribable Contingencies and Incomplete Contracts," Economics Working Papers 0008, Institute for Advanced Study, School of Social Science.
- Philippe Aghion & Patrick Bolton, 1992. "An Incomplete Contracts Approach to Financial Contracting," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(3), pages 473-494.
- John E. Roemer, 1979. "Divide and Conquer: Microfoundations of a Marxian Theory of Wage Discrimination," Bell Journal of Economics, The RAND Corporation, vol. 10(2), pages 695-705, Autumn.
- Grout, Paul A, 1984. "Investment and Wages in the Absence of Binding Contracts: A Nash Bargining Approach," Econometrica, Econometric Society, vol. 52(2), pages 449-460, March.
- David F. Noble, 1978. "Social Choice in Machine Design: The Case of Automatically Controlled Machine Tools, and a Challenge for Labor," Politics & Society, , vol. 8(3-4), pages 313-347, September.
- Samuel Bowles & Herbert Gintis, 1993. "The Revenge of Homo Economicus: Contested Exchange and the Revival of Political Economy," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 83-102, Winter.
- Jerker Denrell, 2000. "Radical Organization Theory," Rationality and Society, , vol. 12(1), pages 39-66, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Sripad Motiram, 2019. "Incomplete Contracts, Power and Efficiency: A Theoretical Analysis," Studies in Microeconomics, , vol. 7(2), pages 173-188, December.
- Sripad Motiram, 2010. "Incomplete Contracts, Incentives and Economic Power," Working Papers id:3123, eSocialSciences.
- Sripad Motiram, 2010. "Incomplete Contracts, Incentives and Economic Power," Microeconomics Working Papers 23017, East Asian Bureau of Economic Research.
- Lewis A. Kornhauser & W. Bentley MacLeod, 2012.
"Contracts between Legal Persons [The Handbook of Organizational Economics],"
Introductory Chapters,,
Princeton University Press.
- Kornhauser, Lewis A. & MacLeod, W. Bentley, 2010. "Contracts between Legal Persons," IZA Discussion Papers 5352, Institute of Labor Economics (IZA).
- Lewis A. Kornhauser & W. Bentley MacLeod, 2010. "Contracts between Legal Persons," NBER Working Papers 16049, National Bureau of Economic Research, Inc.
- Committee, Nobel Prize, 2016. "Oliver Hart and Bengt Holmström: Contract Theory," Nobel Prize in Economics documents 2016-1, Nobel Prize Committee.
- Eduard Marinov, 2016. "The 2016 Nobel Prize in Economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 97-149.
- Oriol Carbonell-Nicolau & Diego Comin, 2005.
"Testing Out Contractual Incompleteness: Evidence from Soccer,"
Departmental Working Papers
200501, Rutgers University, Department of Economics.
- Oriol Carbonell-Nicolau & Diego Comin, 2005. "Testing out Contractual Incompleteness: Evidence from Soccer," NBER Working Papers 11110, National Bureau of Economic Research, Inc.
- Dietrich, Diemo & Jindra, Björn, 2010. "Corporate governance in the multinational enterprise: A financial contracting perspective," International Business Review, Elsevier, vol. 19(5), pages 446-456, October.
- Patrick Bolton & Antoine Faure-Grimaud, 2010.
"Satisficing Contracts,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 77(3), pages 937-971.
- Patrick Bolton & Antoine Faure-Grimaud, 2009. "Satisficing Contracts," NBER Working Papers 14654, National Bureau of Economic Research, Inc.
- Jerker Denrell, 2000. "Radical Organization Theory," Rationality and Society, , vol. 12(1), pages 39-66, February.
- Ernst Fehr & Michael Powell & Tom Wilkening, 2014.
"Handing Out Guns at a Knife Fight: Behavioral Limitations of Subgame-Perfect Implementation,"
CESifo Working Paper Series
4948, CESifo.
- Fehr, Ernst & Powell, Michael & Wilkening, Tom, 2014. "Handing Out Guns at a Knife Fight: Behavioral Limitations of Subgame-Perfect Implementation," IZA Discussion Papers 8404, Institute of Labor Economics (IZA).
- Mathias Dewatripont & Patrick Legros, 2005.
"Public-private partnerships: contract design and risk transfer,"
ULB Institutional Repository
2013/175947, ULB -- Universite Libre de Bruxelles.
- Dewatripont, Mathias & Legros, Patrick, 2005. "Public-private partnerships: contract design and risk transfer," EIB Papers 5/2005, European Investment Bank, Economics Department.
- Fehr, Ernst & Powell, Michael & Wilkening, Tom, 2021.
"Behavioral Constraints on the Design of Subgame-Perfect Implementation Mechanisms,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 111(4), pages 1055-1091.
- Ernst Fehr & Michael Powell & Tom Wilkening, 2021. "Behavioral Constraints on the Design of Subgame-Perfect Implementation Mechanisms," American Economic Review, American Economic Association, vol. 111(4), pages 1055-1091, April.
- Ernst Fehr & Michael Powell & Tom Wilkening, 2014. "Behavioral constraints on the design of subgame-perfect implementation mechanisms," ECON - Working Papers 171, Department of Economics - University of Zurich, revised Nov 2020.
- Mehrdad Vahabi, 1999.
"From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions,"
Post-Print
halshs-03704424, HAL.
- Vahabi, Mehrdad, 2008. "From Walrasian general equilibrium to incomplete contracts : making sense of institutions," MPRA Paper 37887, University Library of Munich, Germany, revised 2002.
- Mehrdad Vahabi, 1999. "From Walrasian General Equilibrium to Incomplete Contracts: Making Sense of Institutions," Cahiers de la Maison des Sciences Economiques j99008, Université Panthéon-Sorbonne (Paris 1).
- Filiz-Ozbay, Emel, 2012. "Incorporating unawareness into contract theory," Games and Economic Behavior, Elsevier, vol. 76(1), pages 181-194.
- Susheng Wang, 2024. "Incomplete contracts with disparity, uncertainty, information and incentives," Theory and Decision, Springer, vol. 97(2), pages 347-389, September.
- Michael R. Roberts, 2014. "The Role of Dynamic Renegotiation and Asymmetric Information in Financial Contracting," NBER Working Papers 20484, National Bureau of Economic Research, Inc.
- Landini, Fabio, 2013.
"Institutional change and information production,"
Journal of Institutional Economics, Cambridge University Press, vol. 9(3), pages 257-284, September.
- Fabio Landini, 2012. "Institutional Change and Information Production," Department of Economics University of Siena 645, Department of Economics, University of Siena.
- Schmidt, Klaus, 2017. "The 2016 Nobel Memorial Prize in Contract Theory," Rationality and Competition Discussion Paper Series 19, CRC TRR 190 Rationality and Competition.
- Francine Lafontaine & Margaret Slade, 2007.
"Vertical Integration and Firm Boundaries: The Evidence,"
Journal of Economic Literature, American Economic Association, vol. 45(3), pages 629-685, September.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries : The Evidence," The Warwick Economics Research Paper Series (TWERPS) 799, University of Warwick, Department of Economics.
- Lafontaine, Francine & Slade, Margaret, 2007. "Vertical Integration and Firm Boundaries: The Evidence," Economic Research Papers 269756, University of Warwick - Department of Economics.
More about this item
Keywords
Incomplete Contracts; Unforeseen/Indescribeable Contingencies; Hold-Up; Classical and Radical Political Economy;All these keywords.
JEL classification:
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
- B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MIC-2010-09-11 (Microeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ind:igiwpp:2010-011. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Shamprasad M. Pujar (email available below). General contact details of provider: https://edirc.repec.org/data/igidrin.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.