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The object of this paper is to discuss on-line intermediation from the perspective of two-sided markets. It builds a simple model of the intermediation activity when trading partners are involved in a commercial relationship and uses it to illustrate some of the results that emerge in the...
Persistent link: https://www.econbiz.de/10002521690
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Management research has long focused on the theory of the firm, studying for-profit organizations that produce … organizational theory, innovation economics, and industrial organization should therefore be critically examined. -- theory of the … firm ; organization theory ; for-profit firms ; community enterprise ; Wikipedia …
Persistent link: https://www.econbiz.de/10009124215
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and …
Persistent link: https://www.econbiz.de/10009273125
The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the...
Persistent link: https://www.econbiz.de/10011541121
We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of horizontal mergers. In our framework economies of scale are endogenous and there might be internal conflict within merged firms. We show that often stable mergers do not lead to more...
Persistent link: https://www.econbiz.de/10011507904
The new information and communication technology, ICT, induces households to take over tasks from firms and government agencies, using tools and systems provided by these very same organizations. The result is often joint production activities. We argue that the importance of ICT for the...
Persistent link: https://www.econbiz.de/10011514007
Thanks to algorithmic management, the digital platform sector does not require sophisticated governance structures and labour intensity tends to be higher than in traditional sectors. So, why aren't usually digital labour platforms worker cooperatives? We develop a simple model to study the...
Persistent link: https://www.econbiz.de/10012029152
There is growing consensus that the conduct of monetary policy can have an impact on financial and economic stability through the risk-taking incentives of banks. Falling interest rates might induce a "search for yield" and generate incentives to invest into risky activities. This paper provides...
Persistent link: https://www.econbiz.de/10009011303