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Prove that in Hart's property-rights model, any ownership structure that leads to a higher level of investment by one party, and no lower level by
Prove that in Hart's property-rights model, any ownership structure that leads to a higher level of investment by one party, and no lower level by the other party, must be the best ownership structure
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
