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Until about 13,000 years ago all humans obtained their food through hunting and gathering, but thereafter people in some parts of the world began a transition to agriculture. Recent data strongly implicate climate change as the driving force behind the transition in southwest Asia. We propose a...
Persistent link: https://www.econbiz.de/10005597105
Empirical research on the organization of firms requires that firms be classified on the basis of their control structures. This should be done in a way that can potentially be made operational. It is easy to identify the ultimate controller of a hierarchical organization, and the literature has...
Persistent link: https://www.econbiz.de/10005464267
The new institutional economics regards the firm as a set of incomplete contracts among input suppliers. The theory of the firm must therefore explain how decision-making powers are allocated. Two leading candidates for such control rights are capital suppliers and labor suppliers. Most large...
Persistent link: https://www.econbiz.de/10005636377