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Part 1: Supply -- Chapter 1: Networks in a Firm: Why Firms -- Chapter 2: Networks in a Firm: Gabrielle's Barber Shop -- Chapter 3: Networks in a Firm: Separation of Ownership and Control -- Chapter 4: Networks in a Firm: Board of Directors -- Chapter 5: Fragility: The Urge to Build an Empire --...
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Adopting a critical realist position, this book renders transaction cost economics (TCE) into a behavioral theory of … organizational decision-making by foregrounding psychological processes and introducing and integrating with effectuation theory … the biases arising from CD to contextualize effectuation and deepen the flat ontology of both TCE and effectuation theory …
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The legal institution of trust gives rise to two basic sets of question. The first set concerns the respective rights held by the trustee and the beneficiary with respect to the trust property — do these rights feature a structure characteristic of property, contract, or something in between....
Persistent link: https://www.econbiz.de/10013076827
This paper develops a structural model of the costs and beliefs required to rationalize household direct stock ownership. In the model, households believe they can learn information about individual stock returns through costly research. The model provides a novel explanation for many empirical...
Persistent link: https://www.econbiz.de/10013057671
Abstract We examine how owning a good affects learning and beliefs about its quality. We show that people have more extreme reactions to information about a good that they own compared to the same information about a non-owned good: ownership causes more optimistic beliefs after receiving a...
Persistent link: https://www.econbiz.de/10012847439
This paper investigates the macroeconomic and asset pricing consequences of the upward trend in financial market participation observed in the U.S. since the late 1980s. In a limited participation two-agent Real Business Cycle model where stockholders feature external habit preferences, higher...
Persistent link: https://www.econbiz.de/10013211891