A Nobel Prize for Property Rights Theory

Richard Holden

Games, 2017, vol. 8, issue 1, 1-3

Abstract: This article provides a brief overview of the Property-Rights Theory of the firm, pioneered by Grossman and Hart (1986) and Hart and Moore (1990), and situates the theory in other literatures.

Keywords: contracts; firms; incomplete contracts; property-rights theory (search for similar items in EconPapers)
JEL-codes: C C7 C70 C71 C72 C73 (search for similar items in EconPapers)
Date: 2017
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