Monopolies Life Cycle, Bureaucratization and Schumpeterian Growth.

This paper analyzes the links between the internal organization of firms and macroeconomic growth. We present a Schumpeterian growth model in which firms face dynamic agency costs. These agency costs are due to the formation of vertical collusions within the organization. To respond to the opportunity of internal collusion, firms go through a whole life cycle, getting more bureaucratized and less efficient over time.

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Year of publication:	1999
Authors:	Martimort, D. ; Verdier, T.
Institutions:	Laval - Laboratoire Econometrie
Subject:	MONOPOLIES \| LIFE CYCLE \| ECONOMIC GROWTH

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Series:	Laval - Laboratoire Econometrie.
Type of publication:	Book / Working Paper
Notes:	34 pages
Classification:	D42 - Monopoly ; O40 - Economic Growth and Aggregate Productivity. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776197