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The Economics of Contracts: Theories and Applications (Paperback)

by Eric Brousseau (Editor), Jean-Michel Glachant (Editor) "To an economist, a contract is an agreement under which two parties make reciprocal commitments in terms of their behavior - a bilateral coordination arrangement..." (more)
Key Phrases: neoinstitutional environment, neoinstitutional firm, loss avoidance principle, United States, United Kingdom, General Motors (more...)
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The Economics of Contracts: Theories and Applications + The Economics of Contracts: A Primer, 2nd Edition + The Theory of Incentives: The Principal-Agent Model
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Editorial Reviews

Product Description
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.

Language Notes
Text: English (translation)
Original Language: French --This text refers to the Hardcover edition.

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Inside This Book (learn more)
First Sentence:
To an economist, a contract is an agreement under which two parties make reciprocal commitments in terms of their behavior - a bilateral coordination arrangement. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
neoinstitutional environment, neoinstitutional firm, loss avoidance principle, electricity sector restructuring, contractual externalities, market power problems, positive agency theory, franchise contracting, franchisee effort, local market power, electricity sector reforms, allocating control, poorer party, post efficiency, informational rent, grand contract, labels rouges, incentive theory, transmission investments, contract incompleteness, lower bargaining power, sunk assets, reputational capital, wholesale market prices, post rent
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, United Kingdom, General Motors, Revelation Principle, Fisher Body, Benito Arruñada, Gérard Charreaux, Michel Glais, Irrelevance Theorem, Oliver Hart, Jacques Ghestin, M'hand Fares, New York, Oliver Williamson, Benjamin Klein, Code Civil, Ronald Coase, Alan Schwartz, Competition Commission, New Zealand, Second World War, Adam Smith, British Gas, Union Carbide, Intrum Justitia
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The Economics of Contracts: Theories and Applications
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The Economics of Contracts: Theories and Applications
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