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"Inspired by the Coase (1937) theory of the firm, we analyze the performance of Healy, Palepu, and Ruback (1992) sample …
Persistent link: https://www.econbiz.de/10009468471
closely related to network governance and social network theory, than to political administrative hierarchy. However, so far …
Persistent link: https://www.econbiz.de/10009468474
to explain nonprofit production of certain types of goods. Hansmann (1980, 1986) developed Contract Failure Theory to …. Weisbrod (1977, 1988) developed the theory of Market/Government Failure to explain nonprofit production of collective goods … primary justification for the nonprofit institutional form. In Contract Failure Theory it signals quality to consumers because …
Persistent link: https://www.econbiz.de/10009468484
"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...
Persistent link: https://www.econbiz.de/10009468491
"Contrary to most economic theory, consumers are not always easily distinguished from producers, particularly in the …
Persistent link: https://www.econbiz.de/10009468492
"In this paper we formulate a cost-induced equilibrium concept. This equilibrium is generated from transaction costs connected with a sequential agenda process. Our claim is that most collective choice Institutions carry with them decision costs. If these transaction costs are very large, they...
Persistent link: https://www.econbiz.de/10009468499
"The dilemma structure underlying common-pool resource governance may prevail due to irreconcilable interests of actors, and may involve uncertainties resulting from the resource or actors involved. This paper addresses the knowledge and uncertainty problem in an analysis of electricity...
Persistent link: https://www.econbiz.de/10009468503
The first paper, "A Theory of Sovereign Debt Valuation," provides a new framework for the valuation of sovereign debt …
Persistent link: https://www.econbiz.de/10009472449
Source: Dissertation Abstracts International, Volume: 68-06, Section: A, page: 2580.
Persistent link: https://www.econbiz.de/10009472506
Entrenchment the Way? Merger Gains and Antitakeover Provisions," I develop and test a theory of corporate governance based on …
Persistent link: https://www.econbiz.de/10009472535