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Sequeira, Sandra; Djankov, Simeon - London School of Economics (LSE) - 2013

This paper investigates how corruption affects firrm behavior. Firms can engage in two types of corruption when seeking … a public service: cost-reducing "collusive" corruption and cost increasing "coercive" corruption. Using an original and … corruption by adjusting their shipping and sourcing strategies. "Collusive" corruption is associated with higher usage of the …

Persistent link: https://www.econbiz.de/10010745127

Credit in rural India: a case study

Dreze, Jean; Lanjouw, Peter; Sharma, Naresh - London School of Economics (LSE) - 1997

studies of credit in rural India. …

Persistent link: https://www.econbiz.de/10010928701

On the design of hierarchies: coordination versus specialization

Hart, Oliver; Moore, John - London School of Economics (LSE) - 1999

We develop a model of hierarchies based on the allocation of authority. A firm's owners have ultimate authority over a firm's decisions, but they have limited time or capacity to exercise this authority. Hence owners must delegate authority to subordinates. However, these subordinates also have...

Persistent link: https://www.econbiz.de/10010744898

Transaction costs and the robustness of the Coase Theorem

Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 2000

This paper explores the extent to which the presence of ex-ante transaction costs may lead to failures of the Coase Theorem. In particular we identify and investigate the basic ‘hold-up problem’ which arises whenever the parties to a Coasian negotiation have to pay some ex-ante costs for the...

Persistent link: https://www.econbiz.de/10010745037

Knowledge disclosure, patents and optimal organization of research and development

Bhattacharya, Sudipto; Guriev, Sergei - London School of Economics (LSE) - 2004

We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an Open sale...

Persistent link: https://www.econbiz.de/10010745090

No escape? The co-ordination problem in heritage preservation

Ahlfeldt, Gabriel M.; Holman, Nancy - London School of Economics (LSE) - 2013

Conservation areas (CAs) are among the most restrictive English planning policies. Designation implies a significant limitation of owners’ control over the shape and appearance of their properties. The policy, however, can also be argued to solve a sort of ‘prisoners’ dilemma’, in which...

Persistent link: https://www.econbiz.de/10010745091

Diversification and delegation in firms

Cerasi, Vittoria; Daltung, Sonja - London School of Economics (LSE) - 2002

This paper shows how separation of ownership and control may arise as a response to overload costs, despite agency costs, and how conglomerates arise as solution to information asymmetries in capital markets. In a context where entrepreneurs have the ability to run projects and improve their...

Persistent link: https://www.econbiz.de/10010745110

New approaches to surveying organizations

Bloom, Nick; Van Reenen, John - London School of Economics (LSE) - 2010

Persistent link: https://www.econbiz.de/10010745336

The dark side of 'good' corporate governance: compliance-fuelled book-cooking activities

Kirchmaier, Thomas; Selvaggi, Mariano - London School of Economics (LSE) - 2006

and scholars that boards should perhaps pay less rather than more heed to codified, verifiable 'good ' governance …

Persistent link: https://www.econbiz.de/10010745362

Costly coasian contracts

Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 1998

We identify and investigate the basic ‘hold-up problem’ which arises whenever each party to a contract has to pay some ex-ante cost for the contract to become feasible. We then proceed to show that, under plausible circumstances, a ‘contractual solution’ to this hold-up problem is not...

Persistent link: https://www.econbiz.de/10010745370

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