Nobel Contract Theory: Opening Up Of The 'Black Box' Of Market Economy
This trade-off provides a theory of the boundaries of the firm, or the degree of vertical integration. This is known as the property rights theory of the firm, in which Hart and his collaborators develop and extend the insights of Nobel laureates ...
The economy as a nexus of contracts | Business Standard Column
Read more about The economy as a nexus of contracts on Business Standard. Contracts are not just subject to problems of measurement and enforcement, they ...
Obra de Ronald Coase reforça estudo entre Direito e Economia
Na próxima terça-feira (25/10), às 18h30, no Espaço Cultural do Superior Tribunal de Justiça, haverá o lançamento do livro A firma, o Mercado e o Direito, de Ronald Harry Coase, editado pela Forense Universitária, que contará com uma palestra de ...
An Econ Test Question We Shouldn't Get Wrong
Transaction costs can gum up the economy. Don't ignore them.