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→Econ 224 2011
This section details the course as it was taught by Steve Tadelis and Noam Yuchtman the Spring of 2011.
===Tadelis Readings ===* Prendergast. C. 1999. "The Provision of Incentives in Firms." Journal of Economic Literature, 37(1):7-63* Holmstrom, Bengt (1982) Moral Hazard in Teams, Bell Journal of Economics 13(2):324-340 * [[Klein Crawford Alchian (1978) - Vertical Integration Appropriable Rents And The Competitive Contracting Process]], Journal of Law and Economics, 21(2):297-326. * [[Grossman Hart (1986) - The Costs And Benefits Of Ownership]]: A Theory of Vertical and Lateral Integration, Journal of Political Economy, 94(3) pp. 691-719. * Tadelis, Steven and Oliver Williamson (2011) fTransaction-Cost Economics, to appear in Robert Gibbons and John Roberts, Eds. The Handbook of Organizational Economics, Princeton University Press * Levin, Jonathan (2003) "Relational incentive contracts," American Economic Review, 93(3):835l857. * [[Garicano (2000) - Hierarchies And The Organization Of Knowledge In Production]], Journal of Political Economy, 108(5):874-904. * [[Alchian Demsetz (1972) - Production Information Costs And Economic Organization]], American Economic Review, Vol. 62, No. 5. (Dec., 1972), pp. 777-795. Available in JSTOR. * Holmström, Bengt (1979) "Moral Hazard and Observability." Bell Journal of Economics 10(1): 74-91. * Gibbons, Robert (1998) "Incentives in Organizations" The Journal of Economic Perspectives, 12(4):115-132. * [[Coase (1937) - The Nature Of The Firm]], Economica, Available in JSTOR * [[Williamson (1979) - Transaction Cost Economics]]: The Governance of Contractual Relations," Journal of Law and Economics, Vol. 22, No. 2. (Oct., 1979), pp. 233-261. Availabe in JSTOR. * Barzel, Yoram (1982) fMeasurement Cost and the Organization of Markets, Journal of Law and Economics, 25(1):27-48*[[Bajari Tadelis (2001) - Incentives versus Transaction Costs A Theory of Procurement Contracts| Bajari, Patrick and Steven Tadelis (2001)]], "Incentives versus Transaction Costs: A Theory of Procurement Contracts", The RAND Journal of Economics, Vol. 32, No. 3, Autumn, pp. 387-407 [http://www.edegan.com/pdfs/Bajari%20Tadelis%20(2001)%20-%20Incentives%20versus%20Transaction%20Costs%20A%20Theory%20of%20Procurement%20Contracts pdf]* [[Holmstrom Roberts (1999) - The Boundaries Of The Firm Revisited]], Journal of Economic Perspectives, 12(4):73-9* MacLeod, W. Bentley (2003), "Optimal Contracting with Subjective Evaluation," American Economic Review 93(1):216-40. * Hayek, F. A. "The Use of Knowledge in Society," American Economic Review 35(4): * Antràs, Pol, Luis Garicano and Esteban Rossi-Hansberg (2006) "Outsourcing in a Knowledge Economy." Quarterly Journal of Economics, 121(1):31-77. ===Yuchtman Readings===
* [[North & Weingast (1989)]]
* [[Naidu (2010)]]
