Analyzing the “institutional structure of production” as proposed by Coase requires a dynamic analysis of the business system. We focus on the evolution of vertical scope, and propose a framework where capability differences interact with changing transaction costs. Such aggregate forces shape the choice context of individual firms. Specifically, disintegration tends to happen when firms differ...

gratulated on fulfilling a want in a field so long left barren. While the book is necessarily written from an American viewpoint, essential problems of administration vary but little from country to country. Dr. Bryan's opinions, based on long experience, are worth while, practical and ably presented, and his book should be of the greatest benefit to all psychiatrists engaged in institutional p...

This paper examines the relationship between capital structure and the inner structure of pyramid in an emerging market economy country. The author uses firm-level panel data of Chinese listed companies to analyze the influence of the inner structure of pyramid on capital structure and the differences between different institutional environments of that influence deeply. His results show that t...

We use an agent-based model to investigate the interdependent dynamics between individual agency and emergent socioeconomic structure, leading to institutional change in a generic way. Our model simulates the emergence and exit of institutional units, understood as generic governed social structures. We show how endogenized trust and exogenously given leader authority influences institutional c...

<p class="16" align="justify"><span>Along with world developments that encourage every country to innovate, Indonesia also has aspirations increase domestic innovation. The success of several other countries in increasing economic growth through innovation is the driving force. same desire pay attention and science, technology. Along way, there have been policies terms institutional...

Сurrent geopolitical situation caused by unfriendly policies and sanctions against Russia the states of Western Europe United States are main reasons for preservation development its state sovereignty, further improvement innovation policy. In addition to above, we can add withdrawal foreign companies from Russian market, ban on supply high-tech products markets, instability economic in domesti...