Hayek (1945) argues that local information is a key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther,...

Authored by the University of Cambridge SupTech Lab, the State of SupTech Report 2022 presents insights on the current state of the digital transformation of financial supervision based on engagement with 146 supervisory agencies globally, including: i) Suptech demand from financial authorities,...

The need to identify the distinctive logic of the nonprofit sector, recently pronounced in the literature, gives rise to the need to substantiate links between the logics of different societal sectors. This paper seeks to identify links between the logics of for-profit and nonprofit sectors from...

The paper argues that the major existing economic theories of nonprofit organisation are most suitable to those nonprofits which are protecting and promoting private rather than public interests. These theories therefore do not offer an adequate explanation why some nonprofits do directly serve...

By examining several different types of open institutions including open source software, open science, open square and (open) urban planning, this paper presents a general analysis of open institutional structure that is complementary to traditional proprietary mode. We argue that open...

The rivalry between developers of open source and proprietary software encourages open source developers to court users and respond to their needs. If the open source developer wants to promote her own open source standard and solutions, she may choose liberal license terms such as those of the...

A hierarchically structured rent-seeking contest may be associated with lower equilibrium expenditure than a corresponding flat contest. In this chapter we discuss how this fact may be used to explain the structure of organizations such as firms, including why firms commonly have outside owners.