OxTalks will soon be transitioning to Oxford Events (full details are available on the Staff Gateway). A two-week publishing freeze is expected in early Hilary to allow all events to be migrated to the new platform. During this period, you will not be able to submit or edit events on OxTalks. The exact freeze dates will be confirmed as soon as possible.
If you have any questions, please contact halo@digital.ox.ac.uk
We show that forward induction provides a rational foundation for contract renegotiation, and in turn for incomplete contracts and the property rights theory of the firm. However, this foundation places conditions on the contracting game, the violation of which allows ex post inefficiencies of the sort that can explain the internal organization of firms.
