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Keyword: incomplete contracting;

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Development Economics Paper

Public-Private Partnership for the Provision of Public Goods: Theory and an Application to NGOs

Timothy Besley and Maitreesh Ghatak

This paper analyzes the role of public and private responsibility in the provision of public goods. We emphasise that a typical public good will require many different inputs which raises the possibility of partnerships ...Read more...

August 1999

Theoretical Economics Paper

Foundations of Incomplete Contracts

Oliver Hart and John Moore

In the last few years, a new area has emerged in economic theory, which goes under the heading of 'incomplete contracting'. However, almost since its inception, the theory has been under attack for its lack of rigorous f...Read more...

September 1998