A benefit-cost study of New York State's Centers for Advanced Technology (CAT) program was undertaken to (1) respond to increasing legislative and executive demands for quantitative assessments of these programs; (2) demonstrate the feasibility, within identified limits, of evaluating the...

When contracting is costly, members of a production team will seek assurance that the transaction-pecific investments they make will be protected. The institutional framework created by a firm in such a setting can be considered a constitution. Under some circumstances, firms will create...

The conventional (Chicago) wisdom about the Great Contraction is that it was the result of a massive policy failure. According to this view, the collapse of the economy was brought about mostly by the fact that the monetary policymakers of the day were more concerned with internal power...

A trend originating in the United States, and now migrating to Europe, is for chief executives of the larger organisations, and their close colleagues, to be provided with Executive Support Systems. These are desk‐top computers which provide an instant information overview of their companies,...