Sanford Grossman

Sanford Grossman is a prominent American economist best known for his work in the fields of contract theory and information economics. He gained significant recognition for his contributions to the understanding of the 'hold-up problem,' a concept he co-developed with fellow economist Oliver Hart in 1986, which describes how parties in an investment decision may hold back cooperation to negotiate better terms. Grossman's research has greatly influenced economic theory and has applications in various areas, including law, finance, and public policy.