Organizational Equilibria and Production Efficiency

  title={Organizational Equilibria and Production Efficiency},
  author={Ugo Pagano},
New Institutional Theory has pointed out mechanisms by which technology can influence property rights and organizational forms. We argue that the argument can be integrated and enriched by using also the opposite argument: property rights and technology can also influence technology. We develop an "organizational equilibria" framework and we show that when New Institutional Theory is integrated in this direction, a multiplicity of "organizational equilibria" can arise and production efficiency… 
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Interlocking complementarities and institutional change
  • Ugo Pagano
  • Economics
    Journal of Institutional Economics
  • 2010
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