This paper focuses on the mechanisms of collective control, such as in Japanese keiretsu, that is characterized by firms’ groupings, decentralized decision-makings and cross-shareholdings. We develop a model about these mechanisms based on initial incentive contracts offered by shareholders to...

The making of the information/knowledge society has driven a flourishing body of literature on the law and economics of copyright. This paper introduces the articles collected in the following symposium, produced by a number of scholars participating in the lively worldwide community devoted to...

Cooperation and coordination among employees can yield significant productivity gains. In this study, we explore the design of optimal incentive systems that induce task-related effort, helping, and knowledge sharing within workgroups. We identify three distinct types of employee linkages that...