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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 …
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We have recently seen research examining the origin and functioning of hybrid organizations. The growing practical and academic interest in hybrids is a clear manifestation of the changing and blurring roles of governments and private sector organizations. It also reveals new ways of thinking...
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