Munich Personal RePEc Archive

Unvollständige Verträge und die Grenzen der Firma

Ewerhart, Christian and Schmitz, Patrick W. (1998): Unvollständige Verträge und die Grenzen der Firma. Published in: Das Wirtschaftsstudium , Vol. 8-9, No. 27 (1998): pp. 880-882.

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Abstract

This paper provides a non-technical discussion of the incomplete contracting approach to the theory of the firm developed by Grossman and Hart (1986). This approach offers an answer to the questions regarding the boundaries of the firm first raised by Coase (1937).

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