
Institutions in Economics
Malcolm Rutherford, Rutherford Malcolm, Craufurd Goodwin
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A Primer, 2nd Edition
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A concise introduction to the theory of contracts, emphasizing basic tools that allow the reader to understand the main theoretical models; revised and updated throughout for this edition. The theory of contracts grew out of the failure of the general equilibrium model to account for the strategic interactions among agents that arise from informational asymmetries.
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