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Investments in physical capital, relationship-specificity, and the property rights approach
Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013
We reconsider the property rights approach to the theory of the firm based on incomplete contracts. We explore the implications of different degrees of relationship-specificity when there are two parties, A and B, who can make investments in physical capital (instead of human capital). If...
Persistent link: https://www.econbiz.de/10011112525
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Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture
Bachev, Hrabrin - Volkswirtschaftliche Fakultät, … - 2010
Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) and suggests a framework for …
Persistent link: https://www.econbiz.de/10008680295
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Schemat arbitrażowy Nasha, a podział zysków w bilateralnym monopolu kopalni węgla brunatnego i elektrowni. Cześć druga – zastosowania w negocjacjach strategicznych i taktycznych...
Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006
The application of Nash bargaining solution to profit division in negotiation between opencast lignite mine and power plant has been discussed. Different proposals of status quo point usage and ways of its determination for profit sharing both in strategic and tactical/operational negotiation...
Persistent link: https://www.econbiz.de/10005260247
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Mechanisms of Governance of Sustainable Development
Bachev, Hrabrin - Volkswirtschaftliche Fakultät, … - 2009
In this paper we incorporate the interdisciplinary New Institutional and Transaction Costs Economics (combining … Economics, Organization, Law, Sociology, Behavioral and Political Sciences), and suggest a framework for analyzing the … framework, and support with examples. Firstly, we discuss the modern concepts and the economics of sustainability. Secondly, we …
Persistent link: https://www.econbiz.de/10004961514
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Understanding efficiency of agrarian organisation
Bachev, Hrabrin - Volkswirtschaftliche Fakultät, … - 2009
In this paper we incorporate achievements of interdisciplinary New Institutional and Transaction Costs Economics … (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) into analysis of agrarian organizations …
Persistent link: https://www.econbiz.de/10008502729
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Influence of structure and ownership of lignite opencast mine and power plant bilateral monopoly on its operation
Jurdziak, Leszek - Volkswirtschaftliche Fakultät, … - 2006
Lignite mine and power plant can operate as two separate entities, two entities in one holding or joint venture and as the one vertically integrated energy producer. Each of these solutions has the influence on operation of this tandem including realization of its individual and joint...
Persistent link: https://www.econbiz.de/10005621675
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Governing of Agro-Ecosystem Services
Bachev, Hrabrin - Volkswirtschaftliche Fakultät, … - 2009
In this paper we incorporate interdisciplinary New Institutional and Transaction Costs Economics (combining Economics …
Persistent link: https://www.econbiz.de/10005025716
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Bargaining position, bargaining power, and the property rights approach
Schmitz, Patrick W. - Volkswirtschaftliche Fakultät, … - 2013
In the property rights approach to the theory of the firm (Hart, 1995), parties bargain about whether or not to collaborate after non-contractible investments have been made. Most contributions apply the regular Nash bargaining solution. We explore the implications of using the generalized Nash...
Persistent link: https://www.econbiz.de/10011113898
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Incomplete Contracts: Foundations and Applications
Pei, Di - Volkswirtschaftliche Fakultät, … - 2010
More than twenty years have elapsed since Oliver Hart's Fisher-Schultz lecture on the topic of incomplete contracts. Incomplete contract theory (ICT) has become a rigorous and widely used approach in dealing with various issues. It's applications include firm theory (hierarchies, ownership and...
Persistent link: https://www.econbiz.de/10008568631
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Discovering the dynamics of smart business networks
Pau, Louis-François - Volkswirtschaftliche Fakultät, … - 2007
Earlier research discussed the necessary evolution from smart business networks, as based on process need satisfaction and governance, into business genetics [1] based on strategic bonds or decay and opportunistic complementarities. This paper will describe an approach and diffusion algorithms...
Persistent link: https://www.econbiz.de/10009021995