The boundaries of firms as information barriers
نویسندگان
چکیده
منابع مشابه
The boundaries of firms as information barriers
When contracts are incomplete, the property-rights theory of firms suggests that ownership of physical assets provides better outside options, which in turn strengthen the owner’s incentives to invest in the enterprise. This approach is less suitable for human capital firms such as management consulting that lack physical assets. This article develops an alternative theory for integration that ...
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Why some countries have failed to create democracy, wealth and happiness for their people is one of the great questions of our time. This essay encompasses a description of the multiple barriers to development that may have different characteristics, according to the context and the social structures that maintain these conditions. It would be arrogant to pretend to have all the solutions for t...
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ژورنال
عنوان ژورنال: The RAND Journal of Economics
سال: 2008
ISSN: 0741-6261
DOI: 10.1111/j.0741-6261.2007.00109.x