Globalization – improved access to integrated, anonymous markets – is claimed to crowd out cooperative relations: from … reciprocal exchange to lifetime employment, from relational governance to corruption/collusion. We study how agents …

representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …

where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …

different ownership and governance structures. The empirical results indicate significant financial constraints even among the …

This paper discusses proposed governance reforms of legal services markets. The model distinguishes between a status … quo position supported by a system of professionally enforced collective reputation and forms of governance based more …

reform is costly. The club chooses between early admittance, where it can enforce reform through its partial control power …