Assessing the property rights and transaction-cost theories of firm scope
Article Abstract:
How the property rights and transactional-cost theories relate to the economics of a business firm is discussed and modeled.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
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Empirical strategies in contract economics: information and the boundary of the firm
Article Abstract:
Firms use various empirical strategies to determine the economic viability of contractual situations. The research is applied to the trucking industry, which consists of company-owned trucks and contracted driver-operators. Evidence shows that contracts with driver operators are less cost-effective than operating a fleet of company-owned trucks.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
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The creation of effective property rights
Article Abstract:
This model shows that individuals, countries, tribes or some other unit will put effort and investment into protecting their rights to property but few invest in taking other's property. The model follows the process from an initial claim of property through putting systems in place to protect the property.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2001
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