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This paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size … cooperative regime among its employees that keeps in check opportunism. A model depicts the outstanding role of the entrepreneur … opportunism-related costs are a reason for keeping firms' size small. …
Persistent link: https://www.econbiz.de/10010266749
The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory. The theory is based on minimization of...
Persistent link: https://www.econbiz.de/10010860817
The present paper is part of unpublished book that analyzes the political, social and economic collapse of the Sudan. Economic, social and distributive disparities triggered a process for the disintegration of the nation under the pretext of imposing Islamic Sharia Laws. A pronounced prominent...
Persistent link: https://www.econbiz.de/10013130482
Sudanese external debts became a chronic problem for the past thirty years. They were first acquired for economic development projects, failed to fulfill that function due to many reasons, economic planning, mismanagement, political turmoil, failure in absorption capacity, corruption…etc. For...
Persistent link: https://www.econbiz.de/10013102495
Sudanese external debts became a chronic problem for the past thirty years. They were first acquired for economic development projects, failed to fulfill that function due to many reasons, economic planning, mismanagement, political turmoil, failure in absorption capacity, corruption…etc. For...
Persistent link: https://www.econbiz.de/10013102498
Persistent link: https://www.econbiz.de/10013102642
Modern antitrust and competition law relies extensively on the firm as defined by Ronald Coase: a hierarchy reducing transaction costs thanks to vertical control, where such control defines the firm's boundaries. Meanwhile, the governance of public permissionless blockchains is horizontal....
Persistent link: https://www.econbiz.de/10012844163
In this article, the authors show that blockchain can help in reaching the goals of antitrust law in situations where the rule of law does not (fully) apply. They detail what needs to be done to this end, from both a technical and legal standpoint
Persistent link: https://www.econbiz.de/10013248037
Societal inequalities – mainly, economic – are a topical subject. Given the dominance of large business corporations in the US and Canada, an important question is about corporations’ role in shaping the socioeconomic trends, including inequality. "Beyond Shareholder Value - A Framework...
Persistent link: https://www.econbiz.de/10013243172
The present paper analyzes the impacts of total labor productivity and efficiency in Oman State. As a Gulf state it has depended on oil production for its economic life for the past decades. However, it was typically known for traditional industries and trade, helped by her long sea shores and...
Persistent link: https://www.econbiz.de/10014172608