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##  91 results 

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### 2026

Hart, Oliver, Helene Landemore, and Luigi Zingales. 2026. *[How To Implement Shareholder Democracy](/publication/how-implement-shareholder-democracy)*. Forthcoming Harvard Business Law Review.



 

 

Hart, Oliver, Helene Landemore, and Luigi Zingales. 2026. *[How To Implement Shareholder Democracy](/publication/how-implement-shareholder-democracy)*. Forthcoming Harvard Business Law Review.



 

 

 

- [ picture\_as\_pdfShareholder Democracy 060...](/sites/g/files/omnuum10571/files/2026-06/Shareholder%20Democracy%20060426_0.pdf)
 
- [ picture\_as\_pdfShareholder Democracy 060...](/sites/g/files/omnuum10571/files/2026-06/Shareholder%20Democracy%20060426_0.pdf)
 
 

 



### 2024

Frydlinger, David, and Oliver Hart. 2024. “[Overcoming Contractual Incompleteness: The Role of Guiding Principles](/publications/overcoming-contractual-incompleteness-role-guiding-principals)”. *The Journal of Law, Economics and Organization. 40, (3): 625-647*.



 

 

Frydlinger, David, and Oliver Hart. 2024. “[Overcoming Contractual Incompleteness: The Role of Guiding Principles](/publications/overcoming-contractual-incompleteness-role-guiding-principals)”. *The Journal of Law, Economics and Organization. 40, (3): 625-647*.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ descriptionPublisher's Version](https://academic.oup.com/jleo/article/40/3/625/7000797)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/overcoming_contractual_incompleteness_111824.pdf)
 
 Transactions of any complexity between buyers and sellers are supported by long-term contracts and these contracts are inevitably incomplete. We propose an approach for overcoming contractual incompleteness based on the idea that most people are inclined... 

 

 

- [ descriptionPublisher's Version](https://academic.oup.com/jleo/article/40/3/625/7000797)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/overcoming_contractual_incompleteness_111824.pdf)
 
 

Hart, Oliver, David Thesmar, and Luigi Zingales. 2024. “[Private Sanctions](/publications/private-sanctions)”. *Economic Policy January 2024*, 203-68.



 

 

Hart, Oliver, David Thesmar, and Luigi Zingales. 2024. “[Private Sanctions](/publications/private-sanctions)”. *Economic Policy January 2024*, 203-68.



 

 

 

- [ descriptionPublisher's Version](https://academic.oup.com/economicpolicy/article/39/117/203/7462771)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/private_sanctions_jan2024.pdf)
 
- [ descriptionPublisher's Version](https://academic.oup.com/economicpolicy/article/39/117/203/7462771)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/private_sanctions_jan2024.pdf)
 
 

Hart, Oliver, and Maija Halonen-Akatwijuka. 2024. “[More Is Less: Why Parties May Deliberately Write Incomplete Contracts](/publications/more-less-why-parties-may-deliberately-write-incomplete-contracts)”. *Cambridge Elements in Law, Economics, and Politics 2024*.



 

 

Hart, Oliver, and Maija Halonen-Akatwijuka. 2024. “[More Is Less: Why Parties May Deliberately Write Incomplete Contracts](/publications/more-less-why-parties-may-deliberately-write-incomplete-contracts)”. *Cambridge Elements in Law, Economics, and Politics 2024*.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/more-is-less-published_092324.pdf)
 
 Why are contracts incomplete? Transaction costs and bounded rationality cannot be a total explanation since states of the world are often describable, foreseeable, and yet are not mentioned in a contract. Asymmetric information theories also have...



 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/more-is-less-published_092324.pdf)
 
 

 



### 2022

Broccardo, Eleonora, Oliver Hart, and Luigi Zingales. 2022. “[Exit Vs. Voice](/publications/exit-vs-voice-0)”. *Published in Journal of Political Economy, December 2022*.



 

 

Broccardo, Eleonora, Oliver Hart, and Luigi Zingales. 2022. “[Exit Vs. Voice](/publications/exit-vs-voice-0)”. *Published in Journal of Political Economy, December 2022*.



 

 

 

- [ descriptionPublisher's Version](https://www.journals.uchicago.edu/doi/epdf/10.1086/720516)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/exit_vs_voice_dec2022.pdf)
 
- [ descriptionPublisher's Version](https://www.journals.uchicago.edu/doi/epdf/10.1086/720516)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/exit_vs_voice_dec2022.pdf)
 
 

Hart, Oliver, and Luigi Zingales. 2022. “[The New Corporate Governance](/publications/new-corporate-governance)” 1 (1): 195-216.



 

 

Hart, Oliver, and Luigi Zingales. 2022. “[The New Corporate Governance](/publications/new-corporate-governance)” 1 (1): 195-216.



 

 

 

- [ descriptionPublisher's Version](https://businesslawreview.uchicago.edu/2022/10/31/the-new-corporate-governance/)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/hart-zingales_august_2022.pdf)
 
- [ descriptionPublisher's Version](https://businesslawreview.uchicago.edu/2022/10/31/the-new-corporate-governance/)
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/hart-zingales_august_2022.pdf)
 
 

 



### 2020

Halonen-Akatwijuka, Maija, and Oliver Hart. 2020. “[Continuing Contracts](/publications/short-term-long-term-and-continuing-contracts)”. *Journal of Law, Economics, and Organization* 36 (2): 284-313.



 

 

Halonen-Akatwijuka, Maija, and Oliver Hart. 2020. “[Continuing Contracts](/publications/short-term-long-term-and-continuing-contracts)”. *Journal of Law, Economics, and Organization* 36 (2): 284-313.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ descriptionPublisher's Version](https://academic.oup.com/jleo/advance-article/doi/10.1093/jleo/ewz022/5717393?guestAccessKey=3064583f-6d17-4d84-ba35-dd789f2c81a5)
 
 Parties often regulate their relationships through “continuing” contracts that are not fixed term but roll over: employment is a leading example. Our premise is that parties apply fairness when they revise a continuing contract and that prior terms...



 

 

- [ descriptionPublisher's Version](https://academic.oup.com/jleo/advance-article/doi/10.1093/jleo/ewz022/5717393?guestAccessKey=3064583f-6d17-4d84-ba35-dd789f2c81a5)
 
 

Frydlinger, David, Oliver Hart, and Kate Vitasek. 2020. “[An Innovative Way to Prevent Adversarial Supplier Relationships](/publications/innovative-way-prevent-adversarial-supplier-relationships)”. *Harvard Business Review* .



 

 

Frydlinger, David, Oliver Hart, and Kate Vitasek. 2020. “[An Innovative Way to Prevent Adversarial Supplier Relationships](/publications/innovative-way-prevent-adversarial-supplier-relationships)”. *Harvard Business Review* .



 

 

 

- [ descriptionPublisher's Version](https://hbr.org/2020/10/an-innovative-way-to-prevent-adversarial-supplier-relationships?ab=hero-subleft-3)
 
- [ descriptionPublisher's Version](https://hbr.org/2020/10/an-innovative-way-to-prevent-adversarial-supplier-relationships?ab=hero-subleft-3)
 
 

 



### 2019

Frydlinger, David, Oliver Hart, and Kate Vitasek. 2019. “[A New Approach to Contracts](/publications/new-approach-contracts)”. *Harvard Business Review*.



 

 

Frydlinger, David, Oliver Hart, and Kate Vitasek. 2019. “[A New Approach to Contracts](/publications/new-approach-contracts)”. *Harvard Business Review*.



 

 

 

- [ descriptionPublisher's Version](https://hbr.org/2019/09/a-new-approach-to-contracts)
 
- [ descriptionPublisher's Version](https://hbr.org/2019/09/a-new-approach-to-contracts)
 
 

 



### 2017

Hart, Oliver. 2017. “[Incomplete Contracts and Control](/publications/incomplete-contracts-and-control)”. *American Economic Review* 107 (7): 1731-52.



 

 

Hart, Oliver. 2017. “[Incomplete Contracts and Control](/publications/incomplete-contracts-and-control)”. *American Economic Review* 107 (7): 1731-52.



 

 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/incomplete_contracts_and_control.pdf)
 
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/incomplete_contracts_and_control.pdf)
 
 

Hart, Oliver, and Luigi Zingales. 2017. “[Companies Should Maximize Shareholder Welfare Not Market Value](/publications/companies-should-maximize-shareholder-welfare-not-market-value)”. *Journal of Law, Finance, and Accounting* 2 (2): 247-74.



 

 

Hart, Oliver, and Luigi Zingales. 2017. “[Companies Should Maximize Shareholder Welfare Not Market Value](/publications/companies-should-maximize-shareholder-welfare-not-market-value)”. *Journal of Law, Finance, and Accounting* 2 (2): 247-74.



 

 

 

- add\_circle do\_not\_disturb\_on Abstract
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/108.00000022-hart-vol2no2-jlfa-0022_002.pdf)
 
 What is the appropriate objective function for a firm? We analyze this question for the case where shareholders are prosocial and externalities are not perfectly separable from production decisions. We argue that maximization of shareholder welfare is not... 

 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/108.00000022-hart-vol2no2-jlfa-0022_002.pdf)
 
 

Hart, Oliver, and Luigi Zingales. 2017. “[Serving Shareholders Doesn’t Mean Putting Profit Above All Else](/publications/serving-shareholders-doesnt-mean-putting-profit-above-all-else-%E2%80%9C-article-was-first)”. *Harvard Business Review “This Article Was First Published on HBR.Org”*.



 

 

Hart, Oliver, and Luigi Zingales. 2017. “[Serving Shareholders Doesn’t Mean Putting Profit Above All Else](/publications/serving-shareholders-doesnt-mean-putting-profit-above-all-else-%E2%80%9C-article-was-first)”. *Harvard Business Review “This Article Was First Published on HBR.Org”*.



 

 

 

- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/serving_shareholders_doesnt_mean_putting_profit_above_all_else_003.pdf)
 
- [ picture\_as\_pdfPDF](/sites/g/files/omnuum10571/files/hart/files/serving_shareholders_doesnt_mean_putting_profit_above_all_else_003.pdf)
 
 

 



 

 

 

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