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Asymmetric information and the property rights approach to the theory of the firm

Schmitz, Patrick W. - In: Economics letters 159 (2017), pp. 96-99

Persistent link: https://www.econbiz.de/10011903426

Incomplete contracts, shared ownership, and investment incentives

Schmitz, Patrick W. - In: Journal of economic behavior & organization : JEBO 144 (2017), pp. 153-165

Persistent link: https://www.econbiz.de/10011926901

Optimal ownership of public goods in the presence of transaction costs

Müller, Daniel; Schmitz, Patrick W. - In: Economics letters 152 (2017), pp. 88-92

Persistent link: https://www.econbiz.de/10011801177

Incomplete contracts, limited liability, and the optimality of joint ownership

Schmitz, Patrick W. - In: Economics letters 183 (2019), pp. 1-4

Persistent link: https://www.econbiz.de/10012122546

The management of innovation : experimental evidence

Kusterer, David J.; Schmitz, Patrick W. - In: Games and economic behavior 104 (2017), pp. 706-725

Persistent link: https://www.econbiz.de/10011793483

The negotiators who knew too much : transaction costs and incomplete information

Schmitz, Patrick W. - In: Economics letters 145 (2016), pp. 33-37

Persistent link: https://www.econbiz.de/10011618147

Public goods, property rights, and investment incentives : an experimental investigation

Kusterer, David J.; Schmitz, Patrick W. - In: Journal of economic behavior & organization : JEBO 177 (2020), pp. 514-532

Persistent link: https://www.econbiz.de/10012437548

Joint Ownership And Incomplete Contracts: The Case Of Perfectly Substitutable Investments

Rosenkranz, Stephanie; Schmitz, Patrick W. - In: Schmalenbach Business Review (sbr) 56 (2004) 1, pp. 72-89

Important results of the property rights approach based on incomplete contracts, as outlined by Hart (1995), say that all ownership structures lead to underinvestment and that joint ownership cannot be optimal, provided that investments are strategic complements and affect human capital only. We...

Persistent link: https://www.econbiz.de/10005736915

When should the government own the physical assets needed to provide public goods?

Schmitz, Patrick W. - 2024

Persistent link: https://www.econbiz.de/10014563004

Incomplete contracts, limited liability, and the optimality of joint ownership

Schmitz, Patrick W. - 2019

Persistent link: https://www.econbiz.de/10012181275