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 | Firms, Contracts, and Financial Structure (Clarendon Lectures in Economics) (1st Edition) by Oliver D. Hart Paperback, 240 Pages, Published 1993 ISBN-10: 0-19-828881-6 / 0198288816 ISBN-13: 978-0-19-828881-7 / 9780198288817 This book provides a framework for thinking about economic instiutions such as firms. The basic idea is that institutions arise in situations where people write incomplete contracts and where the allocation of power or control is therefore important. Power and control are not standard concepts in e | |