Firms, Markets, and Contracts

Modern institutional economics witnesses a merging of formal and informal strands of theorizing. Some contributions use the theoretical approach of contract theory to explore other issues, like medical care, public good problems, the economics of crime, environmental economics, and international trade. This is a collection of essays for the "Contributions to Economics" series. The essays on contract theory offer new results centring around the theory of the firm. Issues of ownership, integration, delegation and finance are analyzed. Further, topics of medical care, the economics of crime, the environment and international trade are treated from a contracting perspective. The authors are economists who have worked at the "International Summer School on the New Insitutional Economics".