Contracts, Ownership, and Industrial Organization: Past and Future

* Professor, Université libre de Bruxelles (ECARES), 50 avenue F.D. Roosevelt, C.P. 11404, 1050 Bruxelles, Belgium. Email: [email protected]. **Professor, Boston University, Department of Economics, 270 Bay State Road, MA 02215, Email: [email protected]. This is a revised version of a survey presented at the conference Grossman and Hart 25 on June 24–26, 2011 at the Université libre de Bruxelles. We thank our discussants Mathias Dewatripont and Kai-Uwe Kühn, two referees, and the audience for their valuable comments. Legros benefited from the financial support of the Communauté Française de Belgique (project ARC00/05-252). For their hospitality and support, Newman is grateful to the Yale Economic Growth Center and the Brown Population Studies and Training Center.