Die Industrieökonomik beschäftigt sich mit der Interaktion zwischen Markt und Unternehmen. Dies betrifft z.B. die Preis- und Produktwahl eines Unternehmens, das Wettbewerbsverhalten im Oligopol, Kartellabsprachen, Marktzutritts- und -austrittsentscheidungen sowie Forschungs- und...

This paper views authority as the right to undertake decisions that impose externalities on other members of the organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal assignment minimizes the resulting inefficiencies by...

This paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision maker's objective. The optimal assignment of...