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Parchment, guns, and the problem of governance

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  • Giampaolo Garzarelli

    ()

  • Matthew Holian

    ()

Abstract

The 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 Info

Article provided by Springer in its journal The Review of Austrian Economics.

Volume (Year): 27 (2014)
Issue (Month): 1 (March)
Pages: 71-80

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Handle: RePEc:kap:revaec:v:27:y:2014:i:1:p:71-80

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Web page: http://www.springerlink.com/link.asp?id=100335

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Keywords: Governance; Political economy; Rent creation; Rent seeking; Theory of the firm; D20; H00; L20;

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  1. Giampaolo Garzarelli & Riccardo Fontanella, 2011. "Open Source Software Production, Spontaneous Input, and Organizational Learning," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(4), pages 928-950, October.
  2. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
  3. Foss, Nicolai Juul, 1994. " The Theory of the Firm: The Austrians as Precursors and Critics of Contemporary Theory," The Review of Austrian Economics, Springer, vol. 7(1), pages 31-65.
  4. Richard N. Langlois & Nicolai J. Foss, 1996. "Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization," Working papers 1996-02, University of Connecticut, Department of Economics.
  5. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
  6. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, vol. 61(2), pages 112-23, May.
  7. Giampaolo Garzarelli, 2008. "The Organizational Approach of Capability Theory," Review of Political Economy, Taylor & Francis Journals, vol. 20(3), pages 443-453.
  8. Gibbons, Robert, 2005. "Four forma(lizable) theories of the firm?," Journal of Economic Behavior & Organization, Elsevier, vol. 58(2), pages 200-245, October.
  9. Giampaolo Garzarelli, 2006. "Cognition, Incentives, and Public Governance," Public Finance Review, , vol. 34(3), pages 235-257, May.
  10. Boettke, Peter J & Lopez, Edward J, 2002. " Austrian Economics and Public Choice," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 111-19, June.
  11. Richard Langlois, 1995. "Do firms plan?," Constitutional Political Economy, Springer, vol. 6(3), pages 247-261, October.
  12. Paul A. David, 2004. "Understanding the emergence of 'open science' institutions: functionalist economics in historical context," Industrial and Corporate Change, Oxford University Press, vol. 13(4), pages 571-589, August.
  13. Richard Langlois & Giampaolo Garzarelli, 2008. "Of Hackers and Hairdressers: Modularity and the Organizational Economics of Open-source Collaboration," Industry and Innovation, Taylor & Francis Journals, vol. 15(2), pages 125-143.
  14. McQuade, Thomas J & Butos, William N, 2003. " Order-Dependent Knowledge and the Economics of Science," The Review of Austrian Economics, Springer, vol. 16(2-3), pages 133-52, September.
  15. Philippe DULBECCO & GARROUSTE, 1998. "Towards an Austrian Theory of the Firm," Working Papers 199826, CERDI.
  16. Richardson, G B, 1972. "The Organisation of Industry," Economic Journal, Royal Economic Society, vol. 82(327), pages 883-96, September.
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