Description

Join Stephane Saussier for an introduction to Property Rights Theory. You will also understand how the theory is similar and different from Transaction Cost Theory.

References

Dewatripont, M., Jewitt, I., & Tirole, J. (1999). The Economics of Career Concerns, Part I: Comparing Information Structures. The Review of Economic Studies, 66(1), 183–198.

Dewatripont, M., Jewitt, I., & Tirole, J. (1999). The Economics of Career Concerns, Part II: Application to Missions and Accountability of Government Agencies. The Review of Economic Studies, 66(1), 199–217.

Grossman, S. J., & Hart, Oliver, D. (1986). The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration. Journal of Political Economy, 94(4), 691–719.

Hart, Oliver, D. (1995). Firms, Contracts, and Financial Structure. Clarendon Lectures in Economics. Oxford: Oxford University Press. http://doi.org/10.1093/0198288816.001.0001

Hart, Oliver, D., Shleifer, A., & Vishny, R. W. (1997). The Proper Scope of Government: Theory and an Application to Prisons. The Quarterly Journal of Economics, 112(4), 1127–1161.

Tirole, J. (1999). Incomplete Contracts: Where Do We Stand? Econometrica, 67(4), 741–781.

Whinston, B. M. D. (2001). American Economic Association Assessing the Property Rights and Transaction-Cost Theories of Firm Scope. The American Economic Review, 91(2), 184–188.