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Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production

Pol Antras

No 8598, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I also review empirical work suggestive of the empirical relevance of the property-rights theory. Along the way, I develop novel theoretical results and also outline some of the key limitations of existing contributions.

Keywords: intrafirm trade; multinational firms; outsourcing; property rights (search for similar items in EconPapers)
JEL-codes: D23 F10 F12 F14 F21 F23 L22 L23 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-his and nep-int
Date: 2011-10
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Related works:
Journal Article: Grossman–Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production (2014) Downloads
Working Paper: Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production (2014) Downloads
Working Paper: Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production (2011) Downloads
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