Browsing Faculty of Arts and Sciences by Keyword "incomplete contracts"

Now showing items 1-4 of 4

    • Contracts and Technology Adoption 

      Acemoglu, Daron; Antras, Pol; Helpman, Elhanan (American Economic Association, 2007)
      We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology adoption. In our model, a firm chooses its technology and investment ...

    • Incomplete contracts and the boundaries of the multinational firm 

      Nunn, Nathan; Trefler, Daniel (Elsevier BV, 2013)
      Using data on U.S. intra-firm and arm’s-length imports for 5,705 products imported from 220 countries, we examine the determinants of the share of U.S. imports that are intra-firm. We examine two predictions that arise from ...

    • Noncontractible Investments and Reference Points 

      Hart, Oliver D. (MDPI AG, 2013)
      We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer’s value. The parties have outside options that depend on asset ownership. When shading is not possible ...

    • Vertical Integration and Technology: Theory and Evidence 

      Acemoglu, Daron; Aghion, Philippe; Griffith, Rachel; Zilibotti, Fabrizio (MIT Press, 2010-11-15)
      This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple incomplete contracts ...