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Internal communication has become an important factor in today's business world. The increased use of electronic media can, despite their obvious advantages, cause communication problems, i.e. information overload. By avoiding communication problems, the productivity of a company can be...
Persistent link: https://www.econbiz.de/10009207024
The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory. The theory is based on minimization of...
Persistent link: https://www.econbiz.de/10010860817
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Transaction Costs Theory has been considered the 'new orthodoxy' in the theory of the firm, being this the very same reason for wide criticism by different schools of economic thought. However, there seems to be signs of complementarity between TCT and evolutionary approaches to the firm. Some...
Persistent link: https://www.econbiz.de/10005412956
This paper studies the Hart-Grossmn-Moore property rights approach to the theory of the firm, under the alternative assumption that bargaining over gains from trade is modelled strategically, rather than axiomatically. With strategic bargaining, the disagreement payoffs (payoffs to the two...
Persistent link: https://www.econbiz.de/10008852263
Regression des effektiven Zinssatzes, der sowohl den nominalen Zinssatz als auch zusätzliche Transaktionskosten umfasst, werden … Zinssubventionierung durch gesteigerte Transaktionskosten und adverse Selektion von Kreditnehmern stark verringert wird. Allerdings führt …
Persistent link: https://www.econbiz.de/10008526790
Schätzung der internen Transaktionskosten mit Hilfe von beobachteten Outputmengen und -preisen. Das empirische Modell ist ein …, dass die internen Transaktionskosten extrem hoch sind und nicht nur zu signifikanten allokativen Verzerrungen führen …, sondern darüber hinaus den strukturellen Wandel behindern. Die Verringerung der internen Transaktionskosten sollte von daher …
Persistent link: https://www.econbiz.de/10011142858
Mit der CD-ROM WISO II sind die Datenbanken der Bibliotheken bzw. Informationszentren von drei großen deutschen Wirtschaftsforschungsinstituten,dem HWWA-Institut für Wirtschaftsforschung, Hamburg, dem Institut für Weltwirtschaft an der Universität Kiel und dem ifo Institut für...
Persistent link: https://www.econbiz.de/10005056245
This paper investigates a model featuring a monopolist seller and a buyer with an uncertain valuation for the seller’s product. The seller chooses an information system which allows the buyer to receive a private signal, potentially correlated with her valuation. No restrictions are imposed on...
Persistent link: https://www.econbiz.de/10010987597