This paper develops a theory of central bank accountability. Two aspects of accountability are considered. The first …. Transparency enhances the central bank’s accountability. Another way to make the central bank accountable is to shift final … central bank lower. The paper shows that accountability through transparency leads to a lower expected rate of inflation and …

representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value …-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer … in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a …

governance side of relationships.Given cognitive distance, organizations need to align cognition sufficiently to enable the fast … cognitive distance. Hence the importance of networks for innovation.On the governance side, the paper gives a review of … density and strength of ties in innovation networks, concerning both competence and governance. …

Should mergers among nonprofit organizations be regulated differently than mergers among for-profit firms? The relevant … organizations with varying goals. Consequently, mergers among certain nonprofit organizations should not necessarily be treated in …

Taking into account both competence and governance issues, and six dimensions of tie strength, this article argues that …

of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the … potential value-production by firms, or to realize the potential user-value by clubs. For each, a distinctive governance system … is introduced. The firm requires an implementation governance to activate the value-production capacities of its service …