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-industrial economic conditions. We hypothesize that if these countries are arrayed on a continuum of pre-industrial development such as …
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-industrial economic conditions. We hypothesize that if these countries are arrayed on a continuum of pre-industrial development such as …
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We model a firm in an institutional market setting, consisting of a production technology and its governance. The … governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the …
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