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来源类型Working Paper
规范类型报告
DOI10.3386/w6177
来源IDWorking Paper 6177
Implicit Contracts and the Theory of the Firm
George Baker; Robert Gibbons; Kevin J. Murphy
发表日期1997-09-01
出版年1997
语种英语
摘要We analyze the role of implicit contracts' (that is, informal agreements supported by" reputation rather than law) both within firms, for example in employment relationships between them, for example as hand-in-glove supplier relationships. We find that the optimal" organizational form is determined largely by what implicit contracts it facilitates. Among other" things, we also show that vertical integration is an efficient response to widely varying supply" prices. Finally, our model suggests why management' (that is, the development and" implementation of unwritten rules and codes of conduct) is essential in organizations. "
URLhttps://www.nber.org/papers/w6177
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/563685
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GB/T 7714
George Baker,Robert Gibbons,Kevin J. Murphy. Implicit Contracts and the Theory of the Firm. 1997.
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