Contract economics

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Bibliographic Information

Contract economics

edited by Lars Werin and Hans Wijkander

Blackwell, 1992

Available at  / 40 libraries

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Note

Proceedings of a symposium held in Aug. 1990 in Saltsjöbaden, Sweden, under the auspices of the Nobel Foundation

Bibliography: P. 348-350

Includes index

Description and Table of Contents

Description

Contract economics has become increasingly important in understanding and modelling the economic organization. However, research within this emerging and very active field has followed various routes, different problems and aspects have been emphasized and methods vary considerably. There is a need, therefore, to take stock of the research carried out so far, and to ascertain how the various strands relate to one another. Contract Economics includes contributions from many of the leading academics and researchers in the field. These contributions are drawn together by the editors to form a coherent volume that covers the theory of implicit and explicit contracts and the application of this theory in labor economics, industrial organization, international trade and financial intermediation.

Table of Contents

  • The Arrow-Debreu paradigm faced with modern theories of contracting - a discussion of selected issues involving information and time, Roger Guesnerie
  • on the new institutional economics, Steven N.S. Cheung
  • legal contract theories and incomplete contracts, Alan Schwartz
  • understanding the structure of village and regional economies, Robert M. Townsend
  • contracts and incentives - defining the self-enforcing range of contractual performance, Benjamin Klein
  • contracts and the market for executives, Sherwin Rosen
  • financial intermediation, equilibrium credit rationing and business cycles, Hans Wijkander
  • specific and general knowledge and organizational structure, Michael C. Jensen and William H. Meckling
  • contract theory and macroeconomic fluctuations, Joseph E. Stiglitz.

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