14.129
Contract Theory
Fall, 1999
 
 

Readings Available on the Web

Below are links to articles that are available on the Web.  Some links go directly to the article, other links go to a journal's location in JSTOR (etc.), so just follow links from there to the specific volume and number for the article.
 

Required Readings:

*Segal, I. (1999), "Contracting with Externalities," Quarterly Journal of Economics, 114(2): 337-88.
 

*Milgrom, P. (1988), "Employment Contracts, Influence Activities and Efficient Organization Design," Journal of Political Economy, 96(1):42-60.
 

*Baker, G., R. Gibbons and K. Murphy (1999), "Informal Authority in Organizations," Journal of Law, Economics and Organization, 15 (1).
 

*Grossman, S. and O. Hart (1986), "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, 94(4): 691-719.
 

*Hart, O. and J. Moore (1990), "Property Rights and the Nature of the Firm," Journal of Political Economy, 98 (6): 1119-1158.
 

*Milgrom, P. (1988), "Employment Contracts, Influence Activities and Efficient Organization Design," Journal of Political Economy, 96(1):42-60.
 

* Hart, O. and J. Moore (1988), "Incomplete Contracts and Renegotiation," Econometrica, 56(4): 755-785.
 

*Hermalin, B. and M. Katz (1991), "Moral Hazard and Verifiability," Econometrica, 59(6): 1735-1753.
 
 

Suggested Readings:

^Laffont, J.-J. and J. Tirole (1988), "The Dynamics of Incentive Contracts," Econometrica, 56(5): 1153-1175.
 

^ Bernheim, B. D. and M. Whinston (1986), "Common Agency," Econometrica, 54(4): 923-42.
 

^Legros, P. and S. Matthews (1993), "Efficient and Nearly Efficient Partnerships," Review of Economic Studies, 1993, 60(3): 599-611.
 

^Alchian A and H Demsetz (1972), "Production, Information Costs and Economic Organization," American Economic Review, 62(5): 777-95.
 

^MacLeod, B. and J. Malcomson (1993), "Investment, Hold-Up, and the Form of Market Contracts," American Economic Review, 83(4): 811-37.