Abstract
Oliver D’Arcy Hart, with coauthors Sanford Grossman and John Moore, developed property rights theory (PRT), introducing the first rigorous models of the boundary of the firm. PRT revolutionised the way economists think about organisations, and has influenced just about every major field in economics. Hart’s recent work includes behavioural contract theory and corporate social responsibility.
Original language | English |
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Title of host publication | The Palgrave Companion to Harvard Economics |
Publisher | Springer International Publishing Switzerland |
Pages | 943-973 |
Number of pages | 31 |
ISBN (Electronic) | 9783031520532 |
ISBN (Print) | 9783031520525 |
DOIs | |
Publication status | Published - 1 Jan 2024 |