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 …
Economists have largely ignored the deep interdependency between integration and delegation. This column describes a new theory of integration and delegation choices aimed at …
This paper focuses on sharing of information during the innovation process. Many of the questions raised by the organization of firms and markets for innovation have been analyzed …
n recent years, several US states have introduced college admission policies that reward local rather than global relative performance by guaranteeing admission to students …
We provide a simple framework for analyzing how competition affects the choice of audit structures in an oligopolistic insurance industry. When the degree of competition increases, …
Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that industrial policies allocated to competitive sectors or that foster …