Firms, Contracts, and Financial Structure

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Oliver Hart's Clarendon Lectures are an important contribution to contact theory as it is developing in economic analysis, and especially in the context of the firm. He starts by developing a general model of the firm, and then analyses in greater depth the financial structure of firms, debt collecting and bankruptcy. The book will interest teachers, graduate students and advanced students in microeconomics, the theory of the firm, industrial organization and finance.