Citation:
Hart, Oliver. 1979. “On Shareholder Unanimity in Large Stock Market Economies.” Econometrica 47: 1057-1083.
Recent Publications
- More is Less: Why Parties May Deliberately Write Incomplete Contracts
- Private Sanctions
- The New Corporate Governance
- Exit vs. Voice
- Overcoming Contractual Incompleteness: The Role of Guiding Principles (Revised Nov. 2022)
- An Innovative Way to Prevent Adversarial Supplier Relationships
- A New Approach to Contracts
- Companies Should Maximize Shareholder Welfare Not Market Value
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