We analyze a seldom used, but highly promising form of rights-based management over common pool resources that involves … the self-selection of heterogeneous fishermen into sectors. The fishery management regime assigns one portion of an …

1.Why do firms in the same industry adopt different management practices? …2.Does the adoption of a new management practice raise productivity? …3.If so, why does the new management practice raise productivity? …

benchmark substantially mitigates the utility costs of decentralized investment management. These costs can be further reduced …

Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms …. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a … incidence of dynastic management depends on the severity of asset-market imperfections, on the economy's saving rate, and on the …