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Haggling for Rents, Relational Contracts, and the Theory of the Firm

Gürtler, Oliver - Volkswirtschaftliche Fakultät, … - 2006

In this paper, a formal rent-seeking theory of the firm is developed. The main idea is that integration (compared to … non-integration) facilitates rent-seeking for the integrating party, but makes it harder for the integrated one. In a one …-period model, this implies that the rent-seeking contest becomes more uneven and the parties rent-seek less. Here, integration is …

Persistent link: https://www.econbiz.de/10005835225

Effects of political-economic integration and trade liberalization on exports of Italian Quality Wines Produced in Determined Regions (QWPDR)

Seccia, Antonio; Santeramo, Fabio Gaetano; De Blasi, … - Volkswirtschaftliche Fakultät, … - 2007

The aim of this work is to explain the magnitude of the trade flows for high quality wine from Italy to its main importing countries. This objective has been reached by establishing an appropriate econometric model derived from an extended form of the “Gravity Model”. This model has been...

Persistent link: https://www.econbiz.de/10005616814

Optimal Ownership Structures in the Presence of Investment Signals

Gürtler, Oliver - Volkswirtschaftliche Fakultät, … - 2006

The property-rights approach to the theory of the firm is extended by introducing distorted signals of the parties.investments. Investment incentives are then given in two ways, by allocating ownership rights and by tying pay to the signal realization. Optimal incentive strength, that is, the...

Persistent link: https://www.econbiz.de/10005785840