| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9019 |
| DP9019 Incomplete Contracts and Firm Boundaries: New Directions | |
| Wouter Dessein | |
| 发表日期 | 2012-06-24 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | The seminal work by Grossman and Hart (1986) made the study of firm boundaries susceptible to formal economic analysis, and illuminated an important role for markets in providing incentives. In this essay, I discuss some new directions that the literature has taken since. As a central challenge, I identify the need to provide a formal theory of the firm in which managerial direction and bureaucratic decision-making play a key role. Merging a number of existing incomplete contracting models, I propose two approaches with very different contracting assumptions. As in transaction cost economics, a central element in those theories is the presence of a central office who directs and coordinates the actions of subordinates. More novel, I highlight the superior ability of non-integrated firms to adapt to a changing environment. |
| 主题 | Industrial Organization |
| 关键词 | adaptation Coordination Firm boundaries Incomplete contracts Managerial direction |
| URL | https://cepr.org/publications/dp9019 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537855 |
| 推荐引用方式 GB/T 7714 | Wouter Dessein. DP9019 Incomplete Contracts and Firm Boundaries: New Directions. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Wouter Dessein]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Wouter Dessein]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Wouter Dessein]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
