3.4 Contractual Restraints & Property Rights - Readings

Recommended Readings and Primary Sources:

• Grossman and Hart, 1986, “The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration”
• Hart, 2016, “Incomplete Contracts and Control” (Nobel Prize Lecture)
• Klein, Crawford, and Alchian, 1978, “Vertical Integration, Appropriable Rents, and the Competitive Contracting Process”
• Klein and Leffler, 1981, “The Role of Market Forces in Assuring Contractual Performance”
• Telser, 1960, “Why Should Manufacturers Want Fair Trade?”