The Value Principle in Management Practices
The value principle in organizational economics states that the net market value of the goods that a firm sells is a key determinant of its organizational design. We survey and …
Andrew F Newman
Come together: Firm boundaries and delegation
We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for …
laura-alfaro
College diversity policy and investment incentives
We study college diversity policies in the presence of local peer effects and pre-college investments. If students are constrained in the side payments they can make within peer …
thomas-gall
Ownership and power structure: Together at last
Economists have largely ignored the deep interdependency between integration and delegation. This column describes a new theory of integration and delegation choices aimed at …
harald-fadinger
Demand-driven integration and divorcement policy
Smithian growth through creative organization
Contracts, ownership, and industrial organization: Past and future
A price theory of vertical and lateral integration
Trade liberalization and organizational change
We embed a simple incomplete-contracts model of organization design in a standard two-country perfectly-competitive trade model to examine how the liberalization of product and …
paola-conconi
Incomplete contracts and industrial organization: a survey