Competence and contract in the theory of the firm
Article Abstract:
The limits to the usefulness of managing the company as an alternative organizational form to the market can be developed, despite claims of some that this approach provides a general all-encompassing theory of the firm. Some complex activities are non-contractible in principle, particularly those whose aim cannot be well determined beforehand, and that need experimental and flexible schemes of coordination.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1998
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A comment on indentured servitude: in response to Kritikos and Bolle - February 15th, 1998
Article Abstract:
Research indicating that indenturing may permit stable cooperation to emerge between a principal and an agent in certain circumstances is discussed. It is argued that indenture is not viable in the absence of reputation or iterated play.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2000
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