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Saint-Paul, Gilles - 2002

This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces …

Persistent link: https://www.econbiz.de/10010262480

Evolution and the growth process: Natural selection of entrepreneurial traits

Galor, Oded; Michalopoulos, Stelios - 2012

This research suggests that a Darwinian evolution of entrepreneurial spirit played a significant role in the process of … economic development and the dynamics of inequality within and across societies. The study argues that entrepreneurial spirit … evolved non-monotonically in the course of human history. In early stages of development, risk-tolerant, growth promoting …

Persistent link: https://www.econbiz.de/10010282576

Selection in incomplete markets and the CAPM portfolio rule

Bottazzi, Giulio; Giachini, Daniele - 2020

This paper studies whether, and to what extent, trading in an incomplete competitive market rewards the CAPM portfolio rule over alternative rules. We find that, if a mean-variance trader faces an agent who invests in each asset proportionally to expected relative payoffs, in the long-run only...

Persistent link: https://www.econbiz.de/10012308904

A new perspective on : evolutionary processes and organizational adaptation

Knudsen, Thorbjørn - In: Journal of organization design : JOD 11 (2022) 3, pp. 111-114

Persistent link: https://www.econbiz.de/10013535894

The Hold-Down Problem and the Boundaries of the Firm: Lessons from a Hidden Action Model with Endogenous Outside Option

Schnedler, Wendelin; Sunde, Uwe - 2002

This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...

Persistent link: https://www.econbiz.de/10010262786

How to get what you want when you do not know what you want : a model of incentives, organizational structure and learning

Marengo, Luigi; Pasquali, Corrado - 2010

In this paper we present a model of the interplay between learning, incentives and the allocation of decision rights in the context of a generalized agency problem. Within this context, not only actors face conflicting interests but diverging cognitive "isions"of the right course of action as...

Persistent link: https://www.econbiz.de/10008729117

The dynamics of organizational structures and performances under diverging distributions of knowledge and different power structures

Dosi, Giovanni; Marengo, Luigi - 2013

In this work we analyze the characteristics and dynamics of organizations wherein members diverge in terms of capabilities and visions they hold, and interests which they pursue. How does society put together such distributed and possibly coflicting knowledge? The question is "Hayekian" in its...

Persistent link: https://www.econbiz.de/10009766346

Division of labor, organizational coordination and markt mechanism in collective problem-solving

Marengo, Luigi (contributor); Dosi, Giovanni (contributor) - 2003 - [Elektronische Ressource]

This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...

Persistent link: https://www.econbiz.de/10002133851

How to get better at flatter designs : considerations for shaping and leading organizations with less hierarchy

Reitzig, Markus - In: Journal of organization design : JOD 11 (2022) 1, pp. 5-10

Persistent link: https://www.econbiz.de/10013259896

Fading hierarchies and the emergence of new forms of organization

Billinger, Stephan; Workiewicz, Maciej - In: Journal of organization design : JOD 8 (2019) 1/17, pp. 1-6

Persistent link: https://www.econbiz.de/10012131409