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Parchment, guns, and the problem of governance

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  • Garzarelli, Giampaolo
  • Holian, Matthew J.

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.

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File URL: http://mpra.ub.uni-muenchen.de/43724/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43724.

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Date of creation: 17 Apr 2011
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Handle: RePEc:pra:mprapa:43724

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Keywords: Governance; Political Economy; Rent Creation; Rent Seeking; Theory of the Firm;

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  1. 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.
  2. Gibbons, Robert, 2005. "Four forma(lizable) theories of the firm?," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 58(2), pages 200-245, October.
  3. Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers, C.E.P.R. Discussion Papers 70, C.E.P.R. Discussion Papers.
  4. Richard N. Langlois & Giampaolo Garzarelli, 2008. "Of Hackers and Hairdressers: Modularity and the Organizational Economics of Open-source Collaboration," Working papers, University of Connecticut, Department of Economics 2008-53, University of Connecticut, Department of Economics.
  5. Boettke, Peter J & Lopez, Edward J, 2002. " Austrian Economics and Public Choice," The Review of Austrian Economics, Springer, Springer, vol. 15(2-3), pages 111-19, June.
  6. McQuade, Thomas J & Butos, William N, 2003. " Order-Dependent Knowledge and the Economics of Science," The Review of Austrian Economics, Springer, Springer, vol. 16(2-3), pages 133-52, September.
  7. 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, University of Chicago Press, vol. 21(2), pages 297-326, October.
  8. Richard N. Langlois, 1994. "Do Firms Plan?," Industrial Organization, EconWPA 9406002, EconWPA.
  9. Dulbecco, Philippe & Garrouste, Pierre, 1999. " Towards an Austrian Theory of the Firm," The Review of Austrian Economics, Springer, Springer, vol. 12(1), pages 43-64.
  10. Giampaolo Garzarelli & Riccardo Fontanella, 2011. "Open Source Software Production, Spontaneous Input, and Organizational Learning," American Journal of Economics and Sociology, Wiley Blackwell, Wiley Blackwell, vol. 70(4), pages 928-950, October.
  11. Foss, Nicolai Juul, 1994. " The Theory of the Firm: The Austrians as Precursors and Critics of Contemporary Theory," The Review of Austrian Economics, Springer, Springer, vol. 7(1), pages 31-65.
  12. Richard N. Langlois & Nicolai J. Foss, 1997. "Capabilities and Governance the Rebirth of Production in the Theory of Economic Organization," DRUID Working Papers, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies 97-2, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  13. Giampaolo Garzarelli, 2008. "The Organizational Approach of Capability Theory," Review of Political Economy, Taylor & Francis Journals, Taylor & Francis Journals, vol. 20(3), pages 443-453.
  14. Williamson, Oliver E, 1971. "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, American Economic Association, American Economic Association, vol. 61(2), pages 112-23, May.
  15. Giampaolo Garzarelli, 2006. "Cognition, Incentives, and Public Governance," Public Finance Review, , , vol. 34(3), pages 235-257, May.
  16. Richardson, G B, 1972. "The Organisation of Industry," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 82(327), pages 883-96, September.
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