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This article uses the farm problem theory as the framework for a comparative analysis of cooperative, market and … approach, the farm problem is the outcome of inappropriateness of hierarchical and market organization for effective … hierarchical and market types of economic organization. …
Persistent link: https://www.econbiz.de/10005483783
This article uses the farm problem theory as the framework for a comparativeanalysis of cooperative, market and …, the farm problem is the outcomeof inappropriateness of hierarchical and market organization for effective coordinationof … perform the coordinationfunctions not effectively delivered in agriculture by theconventional hierarchical and market types of …
Persistent link: https://www.econbiz.de/10009445766
This article studies a principal-agent problem where the only commitment for the uninformed principal is to restrict the set of decisions she makes following a report by the informed agent. We show that an ex ante optimal equilibrium for the principal corresponds to a finite partition of the...
Persistent link: https://www.econbiz.de/10011043000
According to Becker´s human-capital theory, employers tend to underinvest in general training relative to specific training because it increases their existing employees´ outside opportunities. We show that this is not necessarily true if training has an information-gathering function that...
Persistent link: https://www.econbiz.de/10008794562
En el presente artículo se reflexiona sobre la importancia que tiene la gestión del conocimiento (tácito y explícito) en las empresas -en donde la información es un insumo relevante-, destacándose cómo puede ser identificado y aprovechado, según el novedoso enfoque Japonés basado en el...
Persistent link: https://www.econbiz.de/10010945859
This paper analyzes the formation of networks in which each agent is assumed to possess some information of value to the other agents in the network. Agents derive payoff from having access to the information of others through communication or spillovers via the links between them. Linking...
Persistent link: https://www.econbiz.de/10011599586
screening units. This allows us to derive sufficient conditions for a polyarchy to dominate a hierarchy. We also find conditions … organizational form will depend on product market conditions and on the "lumpiness" of cost-reducing R&D. …
Persistent link: https://www.econbiz.de/10005596548
Globalization has brought a new economy, an economy based on a Digital Revolution. Due to the enormous progress of the information technology, the business environment of the twenty-first century is changing rapidly. That is why this turbulent environment requires a new management of...
Persistent link: https://www.econbiz.de/10005453877
In this paper, we investigate optimal delegation mechanisms in the presence of countervailing conflicts of interest in the context of principal-agent problems. We introduce two dimensions of conflict of interest-pandering incentives related to the outside option and project biases. We compare...
Persistent link: https://www.econbiz.de/10014443303
Objective: This article analyses the intensity of knowledge management processes in companies of different size. It also examines the role of these processes in the formation of competitive advantage by these businesses. Company size is defined as the number of employees. Research Design &...
Persistent link: https://www.econbiz.de/10012515592