Contract: Determinants, Properties and Implications (1990, NS 77) Lars Werin, Ingemar Ståhl, August 17-20, Saltsjöbadens Hotel, Saltsjöbaden, Proceedings: Lars Werin, Hans Wijkander; Contract Economics, 1992, Blackwell Publishers, Oxford, UK (No longer in print.)

 

Table of Contents
Contributors	vii
Introduction Lars Werin and Hans Wijkander	1
The Arrow-Debreu Paradigm Faced with Modern Theories of Contracting: a Discussion of Selected Issues Involving Information and Time Roger Guesnerie	12
Comments by Lars Werin	42
On the New Institutional Economics Steven N. S. Cheung	48
Comments by Gary S. Becker	66
Comments by Ronald H. Coase	72
Legal Contract Theories and Incomplete Contracts Alan Schwartz	76
Comments by Jean Tirole	109
Understanding the Structure of Village and Regional Economies Robert M. Townsend	114
Comments by Armen A. Alchian	139
Comments by Thrainn Eggertsson	143
Contracts and Incentives: the Role of Contract Terms in Assuring Performance Benjamin Klein	149
Comments by William H. Meckling	173
Comments by John Moore	176
Contracts and the Market for Executives Sherwin Rosen	181
Comments by Bengt Holmstrom	212
Financial Intermediation, Equilibrium Credit Rationing, and Business Cycles Hans Wijkander	218
Comments by Patrick Bolton	240
Comments by Oliver Hart	244
Specific and General Knowledge, and Organizational Structure Michael C. Jensen and William H. Meckling	251
Comments by Harold Demsetz	275
Comments by Oliver E. Williamson	282
Contract Theory and Macroeconomic Fluctuations Joseph E. Stiglitz	292
Comments by Nils Gottfries	323
Comments by Robert E. Hall	328
Panel Discussion	332
Remarks by Ronald H. Coase	332
Remarks by Robert E. Hall	336
Remarks by Oliver Hart	341
Index	351