Whinston, Michael D. (contributor) - 2000 - [Elektronische Ressource]
\property rights theory" (see Hart [1995]) took the incompleteness of contracts and
developmentofexpostquasi …,testsofthepropertyrightstheory(and,atthesametime,moredemandingtestsof
theWilliamsoniantheory)awaitfurtherempiricalwork.
Therestofthispaperisorganizedasfollows. InSection2,Ilayoutindetailhow the
property rights …
takes, an immediate issue in applying the property rights model empirically is whether this di®erence in
integrated …