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We use a principal-agent framework to reexamine the implications of the negligence and strict liability rules when the tortfeasor is an agency. (...)
Persistent link: https://www.econbiz.de/10005841059
We provide a condition for ranking of information systems in agencyproblems. The condition has a straightforward economic interpretation in terms of the sensitivity of a cumulative distribution with respect to the agents effort. The criterion is shown to be equivalent to the mean preserving...
Persistent link: https://www.econbiz.de/10005841061
In this paper Luhmanns concept of autopoietic social systems will be explained. Redaktion EconBiz]
Persistent link: https://www.econbiz.de/10005846101
This paper explores the form and function of organisational interactions from the perspective of Luhmanns Theory of Social Systems.
Persistent link: https://www.econbiz.de/10005846107
Despite the attention that strategic change as a topic of research has received, there remainconsiderable difficulties in conceptualizing the actual sources of strategic change. Using theconcept of strategic episodes, this paper develops an endogenous theory of change, where thesources of change...
Persistent link: https://www.econbiz.de/10005869364