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Tiziano Raffaelli's pathbreaking contributions to our understanding of how Adam Smith and Alfred Marshall viewed historical progress are scattered across a number of his publications. This chapter builds on Raffaelli's discussion in two ways. First, it provides a discussion and synthesis of his...
Persistent link: https://www.econbiz.de/10012314748
We model a firm in an institutional market setting, consisting of a production technology and its governance. The … governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the …
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We model a firm in an institutional market setting, consisting of a production technology and its governance. The … governance consists of a hierarchical firm structure, a cost efficiency parameter,and an internal pay system. The depth of the …
Persistent link: https://www.econbiz.de/10011343293
Persistent link: https://www.econbiz.de/10009676133
I study the capacity of business associations - private, formal, noncommercial organizations designed to promote the common business interests of their members - to support contract enforcement and collective action. Inspired by recent empirical literature, my theoretical framework connects the...
Persistent link: https://www.econbiz.de/10013108863
We study the capacity of business associations|private, formal, noncommercial organizations designed to promote the common business interests of their members|to support contract enforcement and collective action. Inspired by recent empirical literature, our theoretical framework connects the...
Persistent link: https://www.econbiz.de/10013064974