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Item Details
Title: FIRMS, MARKETS AND CONTRACTS
CONTRIBUTIONS TO NEOINSTITUTIONAL ECONOMICS
By: Arnold Picot (Editor), Ekkehart Schlicht (Editor)
Format: Paperback

List price: £109.99


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ISBN 10: 3790809470
ISBN 13: 9783790809473
Publisher: PHYSICA-VERLAG GMBH & CO
Pub. date: 16 August, 1996
Edition: 1st ed. 1996. Corr. 2nd printing
Series: Contributions to Economics
Pages: 299
Description: This work contains essays on contract theory which offer new results centring around the theory of the firm. Further, topics of medical care, the economics of crime, the environment and international trade are treated from a contracting perspective.
Synopsis: Modern institutional economics witnesses a merging of formal and informal strands of theorizing. This development has offered new and vigorous perspectives which avoid both arbitrariness and theoretical sterility. The essays on contract theory gathered here exemplify this development. They propone new results on central issues in contractual theorizing. The theory of the firm in its variegated aspects forms, naturally, the core of the present set of contributions. Issues of ownership, integration, delegation, and finan- ce are analyzed. Some contributions use the theoretical approach of contract theory to explore other issues, like medical care, public good problems, the economics of crime, environmental economics, and international trade. The contributors are leading young economists. They have participated in one or se- veral classes of the 'International Summer School on the New Institutional Economics' which has been organized by Rudolf Richter in the years 1988 through 1994 and is now continued by Urs Schweizer. The theoretical style of these contributions has been influ- enced by this experience.This collection of essays is intended to express the thanks of the contributors to Rudolf Richter. His initiatives for scholarly instruction and for inter- national exchange of ideas have helped to create and to diffuse the understanding of and the engagement for the new institutional economics in Europe.
Illustrations: biography
Publication: Germany
Imprint: Physica-Verlag GmbH & Co
Returns: Returnable
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