The purpose of this paper is to show that the common law governing the employment of labor makes the distinction not only between employee and independent contractor but also between managerial control and agency. The idea is that common law precedents govern workers who are employed and...

The purpose of this paper is to demonstrate that governance structure and contractual form are two distinct concepts and that they should not be used interchangeably in both theoretical and empirical studies of transaction cost economics. Specifically, the choice of governance structure does not...

This paper contends that there is an important distinction between governance structure and contractual form, and that organizational boundaries, defined by governance structures, need not explain contractual form. The basic idea is that governance refers to the general environments and...

This paper examines technical efficiency of more separated ownership and control (SOC) grain and oilseed farms relative to combined ownership and control (COC) in the U.S. Theory has provided specific benefits to why SOC firms can be more efficient, thus more likely to survive, despite SOC being...