Institutional Inertia

Institutional Inertia
We study the relative efficiency of outside-owned versus employee-owned firms and analyze implications for institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on technology choice is used to influence the later vote on the sharing rule. We show how this dynamic voting generates... READ MORE...

Publication date: September 2009
ISBN 9781451873405
$18.00

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