Sanford J. Grossman
Princeton University
1 paper in the Anchorcite directory, published in 1986, cited 9,662 times in total.
Research topics
- Economic theories and models · 1 paper
- Auction Theory and Applications · 1 paper
- Law, Economics, and Judicial Systems · 1 paper
Frequent co-authors
- Oliver Hart · 1 paper
Papers
- The Costs and Benefits of Ownership: A Theory of Vertical and Lateral IntegrationJournal of Political Economy · 1986 · 9,662 citations
Our theory of costly contracts emphasizes the contractual rights can by of two types: specific rights and residual rights. When it is costly to list all specific rights over assets in the contract, it may be optimal to let one…
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