Showing 1 - 10 of 7,132
Persistent link: https://www.econbiz.de/10013480759
This paper develops a simple framework for understanding the emergence of new organizational forms, such as socially responsible firms and social entrepreneurs, that embody the private sector's efforts to resolve problems that typically have been within the purview of government and traditional...
Persistent link: https://www.econbiz.de/10012455177
We use a large dataset covering all registered plants in the manufacturing sector in India over the period 1986 to 1995 to examine the effects of a 1992 income tax law change that eliminated the double taxation of wages paid to partners in partnership firms. This tax law change provides a unique...
Persistent link: https://www.econbiz.de/10012466428
This paper argues that worker cooperatives are prone to redistribution among members, and that this redistribution distorts incentives. I assume that employment contracts are incomplete. In the model cooperative members pay in a capital contribution to purchase equipment. They then receive...
Persistent link: https://www.econbiz.de/10012472696
In this paper I argue that corporate finance theory, empirical research, practical applications, and policy … recommendations are deeply rooted in an underlying theory of the firm. I also argue that while the existing theories have delivered … are emerging. I outline the characteristics that a new theory of the firm should satisfy and how such a theory could …
Persistent link: https://www.econbiz.de/10012471055
When a firm forms a market closes. Resources that were previously allocated via the price system are allocated by managerial authority within the firm. We explore this choice of organizational form using a model of price formation in which agents negotiate prices on behalf of their principals...
Persistent link: https://www.econbiz.de/10012471182
A fundamental problem entrepreneurs face in the formative stages of their businesses is how to provide incentives for employees to protect, rather than steal, the source of organizational rents. We study how the entrepreneur's response to this problem will determine the organization's internal...
Persistent link: https://www.econbiz.de/10012471229
We examine HMO participation and enrollment in the Medicare risk market for the years 1990 to 1995. We develop a profit- maximization model of HMO behavior, which explicitly considers potential linkages between an HMO's production decision in the commercial enrollee market and its participation...
Persistent link: https://www.econbiz.de/10012471400
Motivated by theories of the firm, which we classify as technological' or organizational,' we analyze the determinants of firm size across industries and across countries in a sample of 15 European countries. We find that, on average, firms facing larger markets are larger. At the industry...
Persistent link: https://www.econbiz.de/10012471580
This paper sets out three simple models of firm behavior under minimum wage legislation. The key feature of these models is that they account for important aspects of the government's mechanism for monitoring and enforcing compliance with the minimum wage law. The major results of the paper are...
Persistent link: https://www.econbiz.de/10012477199