Parchment, guns, and the problem of governance
AbstractThe genuine problem of governance is one that pays equal attention to both incentive and knowledge issues in private and public contexts. This work brings together Austrian, Public Choice and theory of the firm insights to address such problem. By taking into account incentives and knowledge, it proposes a framework that accommodates comparisons not just of kind (firm or market), but also of degree (e.g., among different types of internal organization). Moreover, although the suggested framework derives from considerations about private governance, it equally accommodates public and private settings. (89 words.) Copyright Springer Science+Business Media New York 2014
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Bibliographic InfoArticle provided by Springer in its journal The Review of Austrian Economics.
Volume (Year): 27 (2014)
Issue (Month): 1 (March)
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Web page: http://www.springerlink.com/link.asp?id=100335
Governance; Political economy; Rent creation; Rent seeking; Theory of the firm; D20; H00; L20;
Other versions of this item:
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- D20 - Microeconomics - - Production and Organizations - - - General
- H00 - Public Economics - - General - - - General
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