Market Structure and Organizational Form

Organizational Form and the Market for Talent

This article brings together the market for products, the market for talent, and firms’ organizational form. While the organizational design determines the allocation of blame and fame within the firm, the value of a good reputation depends on the market structure. Consequently, the market structure dictates the optimal organizational design. If competition becomes tougher and the market thicke...

Local Market Structure and Strategic Organizational Form Choices: Evidence from Gasoline Stations

An extensive literature shows that agency issues and transactions costs influence vertical integration. Another mature literature indicates that market structure influences competitive behavior. However, less consideration has been given to how vertical integration and market structure may interact. I address this gap by focusing on the potential for moral hazard caused by intra-firm competitio...

Mimicry and the Market: Adoption of a New Organizational Form

This paper investigates institutional changes in the Dutch accounting industry during the period 1925-1990. While all firms were composed of partners only before 1925, some among them began to partition professional accountants into partners and associates (PAform) and the PA-form became a dominant form. We suggest that the institutional change was the result of an interaction between selection...

Market Structure , Organizational Structure , and R & D Diversity

We examine the effects of market structure and the internal organization of firms on equilibrium R&D projects. We compare a monopolist's choice of R&D portfolio to that of a welfare maximizer. We next show that Sah and Stiglitz's finding that the market portfolio of R&D is independent of the number of firms under Bertrand competition extends to neither Cournot oligopoly nor a cartel. We also sh...

Market Structure and Price Adjustment in the Iranian Tea Market