Narrow search
Showing 1 - 10 of 51
Cover Image
The Economic Theory of the Firm: A Generalization
M. Storchevoy. - In: VOPROSY ECONOMIKI 9 (2012)
The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory. The theory is based on minimization of...
Persistent link: https://www.econbiz.de/10010860817
Cover Image
Institutional support of the firm: A theory of business registries
Arruñada, Benito - Department of Economics and Business, Universitat … - 2010
Registering originative business contracts allows entrepreneurs and creditors to choose, and courts to enforce market-friendly “contract” rules that protect innocent third parties when adjudicating disputes on subsequent contracts. This reduces information asymmetry for third parties, which...
Persistent link: https://www.econbiz.de/10008487242
Cover Image
Inside vs Outside Ownership: A Political Theory of the Firm
Müller, Holger M.; Wärneryd, Karl - Economics Institute for Research (SIR), … - 1999
If contracting within the firm is incomplete, managers will expend resources on trying to appropriate a share of the surplus that is generated. We show that outside ownership may alleviate the deadweight losses associated with such costly distributional conflict, even if all it does is add...
Persistent link: https://www.econbiz.de/10005190835
Cover Image
Bankruptcy Regulations and the New German Insolvency Law from an Economic Point of View
Eger, Thomas - In: European Journal of Law and Economics 11 (2001) 1, pp. 29-46
Persistent link: https://www.econbiz.de/10005705161
Cover Image
Transboundary Externalities and Property Rights: An International River Pollution Model
Laan, Gerard van der; Moes, Nigel - Tinbergen Instituut - 2012
In this paper we study international river pollution problems. We introduce a model in which the agents (countries …) located along a river derive benefit while causing pollution, but also incur environmental costs of experiencing pollution … from all upstream agents. We find that total pollution in the model decreases when the agents decide to cooperate. The …
Persistent link: https://www.econbiz.de/10011256658
Cover Image
Legal Issues in Pollution-Engendered Torts
Best, Robert K.; Collins, James I. - In: Cato Journal 2 (1982) 1, pp. 101-136
The end ofWorld War II marked the birth of the modern chemical industry. From that time synthetic rubbers, fibers, and complex organohalogens have been produced in large commercial quan- tities, such that each member of modern society is exposed to chemicals of exotic physiocheniical activity....
Persistent link: https://www.econbiz.de/10010661780
Cover Image
Can Water Pollution Policy Be Efficient?
Milliman, Jerome W. - In: Cato Journal 2 (1982) 1, pp. 165-204
In 1972 Congress established the Federal Water Pollution Control Act in which the Environmental Protection Agency was …
Persistent link: https://www.econbiz.de/10011141228
Cover Image
Pollution as Moral Coercion: Culture, Risk Perception, and Libertarian Values
Wildavsky, Aaron - In: Cato Journal 2 (1982) 1, pp. 305-333
What is pollution? According to Peter H. Aranson, “Public policy regards as pollution any man-made or naturally … threaten human health or economic welfare Evidently, pollution is a bad and not a good thing. Alas, bad things happen all the …
Persistent link: https://www.econbiz.de/10011141238
Cover Image
Pollution Externalities: Social Cost and Strict Liability
Lewin, Peter - In: Cato Journal 2 (1982) 1, pp. 205-229
This paper critically considers the neoclassical social-cost approach to problems of pollution. This traditional …
Persistent link: https://www.econbiz.de/10010633438
Cover Image
Legal Issues in Pollution-Engendered Torts
Best, Robert K.; Collins, James I. - In: Cato Journal 2 (1982) 1, pp. 101-136
The end ofWorld War II marked the birth of the modern chemical industry. From that time synthetic rubbers, fibers, and complex organohalogens have been produced in large commercial quan- tities, such that each member of modern society is exposed to chemicals of exotic physiocheniical activity....
Persistent link: https://www.econbiz.de/10010633441