The Impact of Incomplete Contracts on Economics
The book collects the presentations and discussions made at the conference celebrating the 25th anniversary of the publication of “Grossman and Hart (1986).1 The conference brought …
philippe-aghion
Patrick Legros
Professor of Economics (Emeritus)
Patrick Legros is Professor of Economics at the Université Libre de Bruxelles, and is affiliated with the research center ECARES within the Solvay Brussels School of Economics and Management.
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Mergers in emerging markets with network externalities: The case of telecoms
This paper develops a unifying framework to understand competition issues in networkindustries. It focuses on the telecom(munication) industry and takes two specific effectsof this …
mathias-dewatripont
Le nouveau modèle europen. Volume 2: Les politiques internes et externes
sibylle-bauer
Altruism, Aid Instruments and Institution Building Incentives.
An altruistic donor can give aid by combining a discretionary budget and infrastructure projects targeted to the rich or to the poor. Under imperfect information on the income …
Wealth effects, distribution, and the theory of organization
Bankruptcy as a control device in economies in transition
We examine in this paper the design of a liquidation, or bankruptcy, policy in a partially centralized economy characterized by imperfect information. We employ a two-period model …
Efficient and nearly-efficient partnerships
Efficiency in partnerships