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Monopolies Life Cycle, Bureaucratization and Schumpeterian Growth

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Author Info
Martimort, D.
Verdier, T.

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Abstract

This paper analyzes the links between the internal organization of firms and macroeconomic growth. We present a Schumpeterian growth model in which firms face dynamic agency costs. These agency costs are due to the formation of vertical collusions within the organization. To respond to the opportunity of internal collusion, firms go through a whole life cycle, getting more bureaucratized and less efficient over time.

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Publisher Info
Paper provided by Laval - Laboratoire Econometrie in its series Papers with number 1999-09.

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Length: 34 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:lavale:1999-09

Contact details of provider:
Postal: Chaire d'economie et d'econometrie de l'assurance; DELTA; CREST; PARIS, France.

For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).

Related research
Keywords: MONOPOLIES ; LIFE CYCLE ; ECONOMIC GROWTH;

Other versions of this item:

Find related papers by JEL classification:
D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

Cited by:
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  1. Daron Acemoglu & Philippe Aghion & Fabrizio Zilibotti, 2002. "Vertical Integration and Distance to Frontier," NBER Working Papers 9191, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2009-11-20.


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