Showing 1 - 4 of 4
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
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
The paper reviews integration problems for complex economic objects aiming to achieve a synergy effect from … further development. It is shown that application of system approach to investigation the efficiency integration of economic …
Persistent link: https://www.econbiz.de/10011107516
Nowadays one of the most topical problems is the economic efficiency assessment of enterprises’ integration within … market. The paper reviews integration problems for economic objects aiming to achieve a synergy effect from complementary …-dynamic approach to investigation the efficiency integration of economic objects with regards of process design peculiarities of …
Persistent link: https://www.econbiz.de/10011113179