search query: @indexterm ECONOMIC BEHAVIOUR / total: 184
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| Author: | Dow, G. Putterman, L. |
| Title: | Why capital suppliers (usually) hire workers: what we know and what we need to know |
| Journal: | Journal of Economic Behavior and Organization
2000 : NOV, VOL. 43:3, p. 319-336 |
| Index terms: | ECONOMIC BEHAVIOUR COMPANIES CONTROL |
| Language: | eng |
| Abstract: | A fundamental question for economics is why large firms in market economies usually assign control rights to capital suppliers rather than labour suppliers. A diverse collection of answers can be found in the literature. But unfortunately little theoretical consensus has emerged, and few attempts have been made to resolve this issue through systematic empirical investigation. This paper reviews a number of different hypotheses clustering around work incentives, the financing of firms, and collective choice. |
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