Citation:
Hart, Oliver, and DM Jaffee. 1974. “On the Application of Portfolio Theory to Depository Financial Intermediaries.” Review of Economic Studies 41 (January): 129-147.
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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