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conduits for reputation flows seems to be more strategic than the use of unmediated communication in that it is highly … it involves direct communication between the personnel of two firms. Alternatively, this information flow may be …
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informal communication within a group or network of firms; others have concentrated on the role of a formal organization that … membership in a formal organization, a business association, contributes to inter-firm communication about disputes with trade … level of pre-existing inter-firm communication. Notably, we find that the marginal value of business associations can be …
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What determines the mechanism chosen to resolve a commercial dispute? To what degree does the aggrieved recover damages? And does the relationship survive in the aftermath? The answers to these questions affect expectations as to the costs of transacting and, thereby, the development of markets....
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's action to the state, but this control is incomplete. States not covered by a contract induce a communication game. Close …We consider the trade-off between imperfect control and communication in organizations. A principal anticipates … number of actions that can be induced through communication. Optimal contracts that do not cover all states both substitute …
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