This paper analyzes the links between the internal organization of firms and macroeconomic growth. We present a Schumpeterian growth model in which firms face dynamic agency costs. These agency costs are due to the formation of vertical collusions within the organization. To respond to the...

This paper proposes an analysis of the links between the internal organization of firms and macroeconomic growth. We present a Schumpeterian growth model in which firms face agency costs. These agency costs are due to the existence of asymmetries of information and the formation of internal...

We study the degree of corruption in a hierarchical model of government. In particular, we explore the question of whether adding a layer of government simply increases the total amount of corruption or generates an organizational efficiency (via a principal-agent relationship between levels of...

Cultural transmission mechanisms which favor the direct transmission of the parents traits to their children may be adaptative to natural selection when opposed to mechanisms in which the parents choose for the offspring the highest fitness at any time. This is so, in particular, in environments...

This paper presents an economic analysis of the intergenerational transmission of ethnic and religious traits through family socialization and marital segregation decisions. Frequency of intra-group marriage (homogamy), as well as socialization rates of religious and ethnic groups, depend on the...

In this paper we present a model of cultural transmission of preferences on goods some of which are provided publicly through simple majority voting. We emphasize the existence of a two way causality between socialization decisions and political outcomes. This generates the possiblity of...