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Organizational Form and Information Acquisition

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Author Info

  • Thomas P. Gehrig

Abstract

It has been shown by Sah and Stiglitz [1986, 1988] that organizational form crucially affects societal information aggregation. This paper demonstrates that organizational form also crucially affects the incentives to acquire information. It is shown that relative allocative properties of organizations identified by Sah and Stiglitz can be reversed once endogenous information acquisition is possible. Implications for research joint ventures are discussed.

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Bibliographic Info

Article provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.

Volume (Year): 160 (2004)
Issue (Month): 1 (March)
Pages: 39-

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Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200403)160:1_39:ofaia_2.0.tx_2-2

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Cited by:
  1. Helm, Carsten & Schöttner, Anja, 2005. "Subsidizing Technological Innovations in the Presence of R&D Spillovers," Darmstadt Discussion Papers in Economics 36798, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL).
  2. Barros, Pedro P. & Hoernig, Steffen & Nilssen, Tore, 2008. "Keeping Both Eyes Wide Open: The Life of a Competitive Authority among Sectoral Regulators," Memorandum 12/2008, Oslo University, Department of Economics.
  3. Peter-J. Jost & Frauke Lammers, 2009. "The organization of project evaluation under competition," Review of Managerial Science, Springer, vol. 3(2), pages 141-155, July.

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