Matches in Harvard for { <http://id.lib.harvard.edu/aleph/007562250/catalog> ?p ?o. }
Showing items 1 to 19 of
19
with 100 items per page.
- catalog abstract "We analyze the role of implicit contracts based on noncontractible performance measures in determining whether transactions will occur in firms, in "relational contracts" (implicit contracts in markets), or in spot markets. We derive four results: (1) implicit contracts (whether inside or outside firms) cannot exist if the spot market offers an inferior but sufficiently palatable alternative; (2) vertical integration is an efficient response to widely varying supply prices; (3) incentives are "higher-powered" in relational contracts than in firms; and (4) transfer pricing is part of the firm's performance-measurement and incentive system, not a device for allocating resources. Our model suggests why "management" (the development and implementation of unwritten rules and codes of conduct) is essential in organizations.".
- catalog contributor b10447853.
- catalog contributor b10447854.
- catalog contributor b10447855.
- catalog created "1997.".
- catalog date "1997".
- catalog date "1997.".
- catalog dateCopyrighted "1997.".
- catalog description "Includes bibliographical references (p. 31-33).".
- catalog description "We analyze the role of implicit contracts based on noncontractible performance measures in determining whether transactions will occur in firms, in "relational contracts" (implicit contracts in markets), or in spot markets. We derive four results: (1) implicit contracts (whether inside or outside firms) cannot exist if the spot market offers an inferior but sufficiently palatable alternative; (2) vertical integration is an efficient response to widely varying supply prices; (3) incentives are "higher-powered" in relational contracts than in firms; and (4) transfer pricing is part of the firm's performance-measurement and incentive system, not a device for allocating resources. Our model suggests why "management" (the development and implementation of unwritten rules and codes of conduct) is essential in organizations.".
- catalog extent "39 p. :".
- catalog isPartOf "Working paper (Harvard University. Graduate School of Business Administration. Division of Research) ; HBS 98-009.".
- catalog isPartOf "Working paper / Division of Research, Harvard Business School ; 98-009".
- catalog issued "1997".
- catalog issued "1997.".
- catalog language "eng".
- catalog publisher "[Boston] : Division of Research, Harvard Business School,".
- catalog title "Implicit contracts and the theory of the firm / George Baker, Robert Gibbons, Kevin J. Murphy.".
- catalog type "text".