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"Governing the Commons offers important insights to a variety of issues,in particular to the design of stable and robust institutions, the creation of norms and the process of institutional change. I have nothing to say on these. My comments will focus on a different theme, dear to economists...
Persistent link: https://www.econbiz.de/10009468457
this fact because it recognizes that value-creation is not just an episodic economic transaction, as market theory holds …
Persistent link: https://www.econbiz.de/10009468458
From the Author's Paper:"Effective management of community resources relies on considering economic vitality, ecological health and community quality of life. Too often, decisions are made which ultimately undermine a community's identity, resulting in losses and not gains towards community...
Persistent link: https://www.econbiz.de/10009468461
managers can provide ‘win-win-win’ benefits of reducing system vulnerability, increasing economic income, and building social …
Persistent link: https://www.econbiz.de/10009468468
"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
"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 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