We use a static framework characterized by both moral hazard and holdup problems. In the model the optimal allocation of bargaining power balances these frictions. We examine the impact of improved monitoring on that optimal allocation and its impact upon effort, investment, profits and rents....

This article discusses how the theoretical perspective of ordonomics provides a frameworkfor better understanding and advancing the practice of social entrepreneurship.From an ordonomic perspective, the concept of social entrepreneurship offers a semanticinnovation (at the ideas level) whose...

Der Artikel entwickelt in Auseinandersetzung mit Alfred Krupps Wohlfahrtsprogrammaus dem 19. Jahrhundert einen ordonomischen Beitrag, wie Unternehmen ‚Moral alsProduktionsfaktor‘ einsetzen können. Die These dieses Beitrags lautet, dass „CorporateSocial Responsibility“ als strategisches...

The purpose of this article is to develop an ordonomic conceptualization of corporate citizenshipand new governance that (a) provides a framework for positively explaining thepolitical participation of companies in new governance processes and (b) does not weakenbut instead strengthens the...

Die Unternehmen der Mineralölindustrie sind konfrontiert mit gravierenden Defiziten der institutionellen Rahmenordnungen für globales Wirtschaften. Sie reagieren auf diese Defizi-te, indem sie sich auf soziale und ökologische Kriterien sowie auf Governance-Standards freiwillig selbst...

This article discusses how the theoretical perspective of ordonomics provides a frameworkfor better understanding and advancing the practice of social entrepreneurship.From an ordonomic perspective, the concept of social entrepreneurship offers a semanticinnovation (at the ideas level) whose...

The purpose of this article is to develop an ordonomic conceptualization of corporate citizenshipand new governance that (a) provides a framework for positively explaining thepolitical participation of companies in new governance processes and (b) does not weakenbut instead strengthens the...

Der Artikel entwickelt in Auseinandersetzung mit Alfred Krupps Wohlfahrtsprogrammaus dem 19. Jahrhundert einen ordonomischen Beitrag zum strategischen Risikomanagement.Die These lautet, dass Unternehmen ‚Moral als Produktionsfaktor‘einsetzen können, wenn es ihnen gelingt, mit Hilfe...

Recently, Aoki proposed the concept of substantive institutions which relates outcomes ofstrategic interaction with public representations of equilibrium states of games. I argue thatthe Aoki model can be grounded in theories of distributed cognition and performativity,which I put into the...

Increasingly, retailers nowadays have to focus on service marketing strategies and tactics to differentiate themselves from their competitors.Delivering high levels of service quality becomes crucial for long-term success. Since customers' perception of service quality depends very muchon the...