Purpose: The purpose of this paper is to examine the link between Joseph Schumpeter’s economics and the rise of General Motors (GM). Design/methodology/approach: The paper uses regression analysis and time series analysis of market synchronization. Findings: There is a strong link between GM...

Economics is a matter of choice and growth, of interaction and exchange among individuals. Because property rights define the rules of these interactions and the objects of exchange, it is vital to fully understand the institutions and implications of the various property-rights regimes. With...

Analytic and institutional approaches to channel coordination have developed independent of each other. This paper attempts to integrate both approaches by using the Coase Theorem, which has had wide application in the economics of natural resources and the law. Suboptimization means that total...