Authors:

  • Pol Antras

Excerpt

Grossman–Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production. Pol Antras, February 17, 2013, Paper. "I survey the influence of Grossman and Hart’s (1986. “The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,” 94 Journal of Political Economy 691–719.) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows..."  Link verified March 28, 2014