The article discusses a study which investigates the impact of real estate brokers on the price of residential properties sold in 2077 in France. The results show that brokers modify the prices of properties they sell. It stresses that the price impact of brokers varies by the property size and...

In this paper, we argue that capabilities serve as shift parameters that result in a change in the critical value of asset specificity at which firms switch from in-sourcing to outsourcing. Capabilities have two effects: they result in a change in firm production costs and in firm governance...

Using local administrative data from 1826 to 1936, we document the evolution of crime rates in 19th century France and we estimate the impact of a negative income shock on crime. Our identification strategy exploits the phylloxera crisis. Between 1863 and 1890, phylloxera destroyed about 40% of...

The population of Sub-Saharan Africa stood at 854 million in 2010. Annual population growth averaged 2.5 percent, with a relatively high sustained fertility rate, fostered by the fact that two-thirds of the population is under 25. The region has the highest proportion of poor people in the...

Although central to many debates in neo-institutional theories, the concept of agency still remains fairly ambiguous and sometimes elusive. In particular, the agency concept tends to conflate two different phenomena, the power of agency (the capacity to act in a given social context) and agentic...

One could think that Peter Drucker's invention of Management by Objectives and Self Control (MBO) and its first implementation at General Electric in 1952 was a breakthrough in management techniques. Analyzing the history of MBO from a genealogical perspective, and taking into account Drucker's...