Incomplete Contracts and the Internal Organization of Firms
نویسندگان
چکیده
منابع مشابه
Nber Working Paper Series Incomplete Contracts and the Internal Organization of Firms
We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decision-making within firms. We then overview the empirical evidence on the determinants of decentralization and on the effects of decentralization on firm performance. A number of factors highlighted in the the...
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15 صفحه اولIncomplete Contracts and Industrial Organization: A Survey∗
While most researchers in industrial organization agree that the neoclassical, cost-minimizing, unitary, view of the firm is restrictive, it is still the main object of anlysis in the literature. We review the literature in industrial organization and the place occupied by a richer view of the firm both before and after Grossman & Hart (1986) (GH). Before GH, integration was viewed as a way to ...
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ژورنال
عنوان ژورنال: Journal of Law, Economics, and Organization
سال: 2013
ISSN: 8756-6222,1465-7341
DOI: 10.1093/jleo/ewt003