Firms, Contracts, and Financial Structure

Mr Hart provides some impressive insights. Other economists will no doubt be indebted to him.'The EconomistI expect it to be essential reading for any economics or finance Ph.D. student interested in corporate finance … this volume should contribute to the development of the contracts approach to corporate finance … an excellent exposition of the incomplete contracts approach to the theory of the firm … it is a fine survey of the author’s contributions to the theory of firm boundaries and financial structure. As such, I commend it highly.‘Review of Financial Studies...very stimulating book ... offers an excellent introduction to teh theory of incomplete contracts. Furthermore, it shows that a few fundamental ideas may be sufficient to explain a diversity of real world phenomena. It can be recommended to all those who are interested in the study of firms, markets, and other economic institutions.'Journal of Institutional and Theoretical EconomicsEssential reading for any economics or finance Ph.D. student interested in corporate finance … provides an excellent exposition of the incomplete contracts approach to the theory of the firm … it is a fine survey of the author’s contributions to the theory of firm boundaries and financial structure. As such, I commend it highly.‘Review of Financial Studies

Oliver Hart has written for the Wall Street Journal and the Financial Times as well as contributing to numerous refereed journals. He is currently a member of the Econometric Society and has taught at Harvard, the LSE, MIT, Exeter and Cambridge Universities among others.