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9780198288817

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This book, which synthesizes most of Oliver Hart's work since 1980, provides a clear introduction to the modern theory of the firm, and ultimately a very compelling answer to...fundamental questions in the form of the increasingly accepted Property Rights Theory of the Firm. --Jeffrey Zwiebel, Economica<br> I expect it to be essential reading for any economics or finance Ph. D. student interested in corporate finance. Thus, this volume should contribute to the development of the contracts approach to corporate finance....Firms, Contracts, and Financial Structure provides an excellent exposition of the incomplete contracts approach to the theory of the firm....[I]t is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. --Milton Harris, Review of Financial Studies<br> A very clear, unified treatment of the implications of incomplete contracting. A truly solid foundation for the theory of integration and financial structure. --Birger Wernerfelt, Sloan School, MIT<br> I recommend this book to all who are interested in the theory of the firm and in Hart's current and recent contributions to this theory. There is much to applaud in the book. --Harold Demsetz, University of California, Los Angeles<br>

<br> This book, which synthesizes most of Oliver Hart's work since 1980, provides a clear introduction to the modern theory of the firm, and ultimately a very compelling answer to...fundamental questions in the form of the increasingly accepted Property Rights Theory of the Firm. --Jeffrey Zwiebel, Economica<br> I expect it to be essential reading for any economics or finance Ph. D. student interested in corporate finance. Thus, this volume should contribute to the development of the contracts approach to corporate finance....Firms, Contracts, and Financial Structure provides an excellent exposition of the incomplete contracts approach to the theory of the firm....[I]t is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. --Milton Harris, Review of Financial Studies<br> A very clear, unified treatment of the implications of incomplete contracting. A truly solid foundation for the theory of integration and

Essential reading for any economics or finance Ph.D. student interested in corporate finance ... provides an excellent exposition of the incomplete contracts approach to the theory of the firm ... it is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. * Review of Financial Studies * ...very stimulating book ... offers an excellent introduction to teh theory of incomplete contracts. Furthermore, it shows that a few fundamental ideas may be sufficient to explain a diversity of real world phenomena. It can be recommended to all those who are interested in the study of firms, markets, and other economic institutions. * Journal of Institutional and Theoretical Economics * I expect it to be essential reading for any economics or finance Ph.D. student interested in corporate finance ... this volume should contribute to the development of the contracts approach to corporate finance ... an excellent exposition of the incomplete contracts approach to the theory of the firm ... it is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. * Review of Financial Studies * Mr Hart provides some impressive insights. Other economists will no doubt be indebted to him. * The Economist *

<br> This book, which synthesizes most of Oliver Hart's work since 1980, provides a clear introduction to the modern theory of the firm, and ultimately a very compelling answer to...fundamental questions in the form of the increasingly accepted Property Rights Theory of the Firm. --Jeffrey Zwiebel, Economica<p><br> I expect it to be essential reading for any economics or finance Ph. D. student interested in corporate finance. Thus, this volume should contribute to the development of the contracts approach to corporate finance....Firms, Contracts, and Financial Structure provides an excellent exposition of the incomplete contracts approach to the theory of the firm....[I]t is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. --Milton Harris, Review of Financial Studies<p><br> A very clear, unified treatment of the implications of incomplete contracting. A truly solid foundation for the theory of integration and financial structure. --Birger Wernerfelt, Sloan School, MIT<p><br> I recommend this book to all who are interested in the theory of the firm and in Hart's current and recent contributions to this theory. There is much to applaud in the book. --Harold Demsetz, University of California, Los Angeles<p><br>

<br> This book, which synthesizes most of Oliver Hart's work since 1980, provides a clear introduction to the modern theory of the firm, and ultimately a very compelling answer to...fundamental questions in the form of the increasingly accepted Property Rights Theory of the Firm. --Jeffrey Zwiebel, Economica<p><br> I expect it to be essential reading for any economics or finance Ph. D. student interested in corporate finance. Thus, this volume should contribute to the development of the contracts approach to corporate finance....Firms, Contracts, and Financial Structure provides an excellent exposition of the incomplete contracts approach to the theory of the firm....[I]t is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. --Milton Harris, Review of Financial Studies<p><br> A very clear, unified treatment of the implications of incomplete contracting. A truly solid foundation for the theory of integratio

Mr Hart provides some impressive insights. Other economists will no doubt be indebted to him. The Economist I expect it to be essential reading for any economics or finance Ph.D. student interested in corporate finance ... this volume should contribute to the development of the contracts approach to corporate finance ... an excellent exposition of the incomplete contracts approach to the theory of the firm ... it is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. Review of Financial Studies ...very stimulating book ... offers an excellent introduction to teh theory of incomplete contracts. Furthermore, it shows that a few fundamental ideas may be sufficient to explain a diversity of real world phenomena. It can be recommended to all those who are interested in the study of firms, markets, and other economic institutions. Journal of Institutional and Theoretical Economics Essential reading for any economics or finance Ph.D. student interested in corporate finance ... provides an excellent exposition of the incomplete contracts approach to the theory of the firm ... it is a fine survey of the author's contributions to the theory of firm boundaries and financial structure. As such, I commend it highly. Review of Financial Studies

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Oliver Hart has written for the Wall Street Journal and the Financial Times as well as contributing to numerous refereed journals. He is currently a member of the Econometric Society and has taught at Harvard, the LSE, MIT, Exeter and Cambridge Universities among others.

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