The Economics of Contracts: Theories and Applications

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9780521893138: The Economics of Contracts: Theories and Applications
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This is a comprehensive and up-to-date synthesis of the economic analysis of contracts written by a specially commissioned team of leading international scholars. The book offers a well structured analysis of theoretical developments, the diverse fields of applications, the methodologies in use, and the policy implications at both firm and state level. It offers a unique combination of theoretical and applied economics along with insights from law and management sciences. The volume is designed to appeal to scholars, graduate students and practitioners in economics, management and law.

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About the Author:

Eric Brousseau is Professor of Economics at the University of Paris X.

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Text: English (translation)
Original Language: French

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9780521814904: The Economics of Contracts: Theories and Applications

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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2012. Paperback. Condition: New. Language: English. Brand new Book. A contract is an agreement under which two parties make reciprocal commitments in terms of their behavior to coordinate. As this concept has become essential to economics in the last 30 years, three main theoretical frameworks have emerged: 'incentive theory', 'incomplete-contract theory' and 'transaction-costs theory'. These frameworks have enabled scholars to renew both the microeconomics of coordination (with implications for industrial organization, labor economics, law and economics, organization design) and the macroeconomics of 'market' (decentralized) economies and of the institutional framework. These developments have resulted in new analyses of a firm's strategy and State intervention (regulation of public utilities, anti-trust, public procurement, institutional design, liberalization policies, etc.). Based on contributions by the leading scholars in the field, this 2002 book provides an overview of developments in these analytical currents, presents their various aspects, and proposes expanding horizons for theoreticians and practitioners. Seller Inventory # AAV9780521893138

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Published by CAMBRIDGE UNIVERSITY PRESS, United Kingdom (2012)
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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2012. Paperback. Condition: New. Language: English. Brand new Book. A contract is an agreement under which two parties make reciprocal commitments in terms of their behavior to coordinate. As this concept has become essential to economics in the last 30 years, three main theoretical frameworks have emerged: 'incentive theory', 'incomplete-contract theory' and 'transaction-costs theory'. These frameworks have enabled scholars to renew both the microeconomics of coordination (with implications for industrial organization, labor economics, law and economics, organization design) and the macroeconomics of 'market' (decentralized) economies and of the institutional framework. These developments have resulted in new analyses of a firm's strategy and State intervention (regulation of public utilities, anti-trust, public procurement, institutional design, liberalization policies, etc.). Based on contributions by the leading scholars in the field, this 2002 book provides an overview of developments in these analytical currents, presents their various aspects, and proposes expanding horizons for theoreticians and practitioners. Seller Inventory # AAV9780521893138

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Brousseau, Eric
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EDITED BY ERIC BROUSSEAU , JEAN-MICHEL GLACHANT
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