Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10011851002
While characteristically "Austrian" themes such as entrepreneurship, economic calculation, tacit knowledge and the temporal structure of capital are clearly relevant to the business firm, Austrian economists have said relatively little about management, organization, and strategy. This...
Persistent link: https://www.econbiz.de/10011851085
This is the first of two volumes celebrating Keynes's contribution to economics, and the development of post Keynesian economics in recent years. It reinstates the importance of Keynesian economics and its revival since the end of the 1980s, and the book's authoritative chapters are presented by...
Persistent link: https://www.econbiz.de/10011851353
This topical book interprets firms, governments and economic change from an entrepreneurial perspective. Essentially, it applies the Austrian theory of human agency and evolutionary theories of the firm to explain economic organisation, the state and institutional change. Tony Yu begins by...
Persistent link: https://www.econbiz.de/10014473745
pt. 1. Market structure, corporate governance and innovation -- pt. 2. Privatization, liberalization and R&D activities …
Persistent link: https://www.econbiz.de/10011851058
We develop a theory of firm scope in which integrating two firms into one facilitates the allocation of resources, but leads to weaker incentives for effort, compared with nonintegration. Our theory makes minimal assumptions about the underlying agency problem. Moreover, the benefits and costs...
Persistent link: https://www.econbiz.de/10005761852
advances a more integrative framework. He probes issues such as: • the tension between the need and the ability to contract … control • dialectical tensions stemming from contract application • standardization of contracting practices. By exploring … -- ch. 3. Need versus ability to contract -- ch. 4. How trust and contracts coevolve -- ch. 5. Functions of negotiation and …
Persistent link: https://www.econbiz.de/10011850599
We show experimentally that a principal’s distrust in the voluntary performance of an agent has a negative impact on the agent’s motivation to perform well. Before the agent chooses his performance, the principal in our experiment decides whether he wants to restrict the agents’ choice set...
Persistent link: https://www.econbiz.de/10005762323
employment contract. We show that not imposing such an agreement can be beneficial for the principal as the possibility to leave … value created is sufficiently small relative to the agent’s outside option. If the principal can use an option contract for …
Persistent link: https://www.econbiz.de/10005703004
In this paper, we discuss recent evidence from economic experiments that study the impact of social preferences on workplace behavior. We focus on situations in which a single employer interacts with multiple employees. Traditionally, equity and efficiency have been seen as opposing aims in such...
Persistent link: https://www.econbiz.de/10009024592