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Grossman and Hart’s prominent 1986 article on “The Costs and Benefits of Ownership: A Theory of Vertical and Lateral …
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There is a heightened lack of clarity and understanding about the new U.S. business forms both in terms of theory and …
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, Evolution and Economic Theory; and furthered by Geoffrey Manne and Todd Zywicki in their recent paper titled Uncertainty …, Evolution, and Behavioral Economic Theory. Alchian’s thesis relied on an evolutionary understanding of firms’ activities in the … present work concludes that Alchian’s evolutionary theory does not account for the interpretation that economic actors render …
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Economists believe that a problem of team production results from the desirability of production in (sometimes large) groups, the difficulty of rewarding individual group members based on their (difficult or impossible to measure) individual contributions, and the presumed interest of each...
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Der vorliegende Beitrag analysiert kurz die Struktur deutscher Genossenschaften aus dem Blickwinkel der Property-Rights-Theorie … formuliert worden. In dieser Hinsicht dienen die durch die Property-Rights-Theorie erlangten Einsichten als Beleg und Bestätigung …
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