@article {29612,
	title = {Grossman{\textendash}Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production},
	journal = {Journal of Law, Economics, and Organization},
	volume = {30},
	number = {1},
	year = {2014},
	note = {Published versions have been posted with the written permission of the journals where they appeared. Standard copyright rules apply. Please download and print for personal use only.},
	pages = {118-175},
	abstract = {I survey the influence of Grossman and Hart{\textquoteright}s (1986. {\textquotedblleft}The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,{\textquotedblright} 94 Journal of Political Economy 691{\textendash}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. I also review empirical work suggestive of the empirical relevance of the property-rights theory. Along the way, I develop novel theoretical results and also outline some of the key limitations of existing contributions. (JEL D23, F10, F12, F14, F21, F23, L22, L23).},
	url = {http://dx.doi.org/10.1093/jleo/ews023},
	author = {Pol Antr{\`a}s}
}
