Ekelund, Robert B.; Hebert, Robert F.; Tollison, Robert D. - In: Economic Inquiry 42 (2004) 4, pp. 690-705
The Catholic Church reacted to the Protestant Reformation by taking on the defensive posture of an incumbent-firm monopoly fighting to survive in the face of new competition. Contemporary firms typically respond to rival entry by rewriting their corporate charter. So did the medieval Catholic...