Agency cost and the crisis of China's SOEs
In: China economic review, Band 12, Heft 4, S. 293-297
ISSN: 1043-951X
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In: China economic review, Band 12, Heft 4, S. 293-297
ISSN: 1043-951X
In: China economic review, Band 3, Heft 1, S. 39-56
ISSN: 1043-951X
In: Terrorism: an international journal, Band 11, Heft 3, S. 181-195
ISSN: 2378-5608
In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 27, Heft 1, S. 17-29
ISSN: 1467-9485
SummaryThis paper provides a mathematically coherent and concise formulation of the Williamson market‐failure approach and, hence, develops models for single‐level and multilevel firms and organizations. These models optimally determine the extent of integration for each viable link on every hierarchical level, When the models are reformulated in terms of four operational parameters that determine integration, applied benefit‐cost methods can be utilized, in practice, to model a firm. Both static and dynamiclmodels‐are presented.
In: Public choice, Band 35, Heft 5, S. 587-606
ISSN: 1573-7101
In: Public choice, Band 35, Heft 5, S. 587-606
ISSN: 0048-5829
Within an analytical context that assesses both the benefits & the costs of social interaction, a general theory of interpersonal exchange is developed from a public-goods, public-choice point of view. Social transaction benefits & costs are specified as a composite function of interpersonal bindingness, which itself depends on five parameters: propinquity, average length of encounter, encounter content, number of issues the relationship transgresses, & degree of interactive decision making. The model provides for the determination of an optimal personal degree of bindingness in a two-person relationship. Extensions encompass the more interesting reaction case, where two individuals each select their own optimal personal bindingness levels. 6 Figures. Modified HA.
In: International Studies Quarterly, Band 21, Heft 2, S. 251
In: International studies quarterly: the journal of the International Studies Association, Band 21, Heft 2, S. 251-276
ISSN: 0020-8833, 1079-1760
World Affairs Online
In: The journal of conflict resolution: journal of the Peace Science Society (International), Band 19, Heft 2, S. 330-348
ISSN: 1552-8766
It is the purpose of this article to extend and to clarify the public goods approach to the study of alliances. In particular, the paper examines the nature of defense as a pure public good and draws the conclusion that some defense expenditure may be best classified as an impure public good due to the presence of divisibility and exclusion properties. The traditional pure public good model of alliances is analyzed in a more general framework in order to introduce more fully resource scarcity and to demonstrate the symbiotic properties of the military alliance. Two models of increasing generality recast the analysis so that defense is an impure public good. Both optimal membership size and production efficiency are studied in the impure public good model. The paper concludes with a rationale for world peace organizations based on the economic theory of clubs.
In: The journal of conflict resolution: journal of the Peace Science Society (International), Band 19, Heft 2, S. 330-348
ISSN: 0022-0027, 0731-4086
World Affairs Online
In: China economic review, Band 20, Heft 2, S. 208-217
ISSN: 1043-951X
In: China economic review, Band 10, Heft 2, S. 191-206
ISSN: 1043-951X
In: Defence economics: the political economy of defence disarmament and peace, Band 2, Heft 1, S. 1-18
In: Terrorism and political violence, Band 2, Heft 1, S. 83-105
ISSN: 1556-1836