Tag Archives: Contracts

Contracts, Firms and the Boss-Worker Relationship

Contracts, Firms and the Boss-Worker Relationship -  Oliver Hart   Economics, Law, Contracts, Organisations, Employment

When is privatisation of services reasonable and when is it unreasonable? Why are there firms – rather than millions of independent contractors who trade goods and services markets? How does the impossibility of a complete contract affect productivity and production methods and efficient ownership? If firms exist because of organisational efficiencies, why isn’t there just one big relatively benevolent productive firm?

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