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Labor Market Responses to Recessions
| Lasse Lien | If you are interested in how firms respond to recessions, you might like this blog post by Matt Palmquist for the Strategy+business blog, or this one for the LSE business review. I know...
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Measuring Tacit Knowledge
| Peter Klein | The concept of tacit knowledge — knowledge that is difficult or impossible to parameterize, or to express in words or numbers — is central to organization theory, as well as philosophy...
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Kealey and Ricketts on Science as a Contribution Good
| Peter Klein | Two of my favorite writers on the economic organization of science, Terence Kealey and Martin Ricketts, have produced a recent paper on science as a “contribution good.” A contribution...
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A Good Reason to Study Corporate Culture
| Peter Klein | Corporate culture is hard to define and measure (Kreps’s game-theoretic version is probably the one most familiar to economists), but may play a role in explaining variation in firm...
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“Robert Bork’s Forgotten Role in the Transaction Cost Revolution”
| Peter Klein | Thanks to Danny Sokol for passing on this paper by Alan Meese. Robert Bork’s Forgotten Role in the Transaction Cost Revolution Alan J. Meese Antitrust Law Journal 79, no. 3 (2014) This...
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More on Strategy and Game Theory
| Peter Klein | Recent posts on strategy and game theory (here and here) generated quite a lot of discussion here and on social media. Avinash Dixit offers more grist for the mill in his December 2014...
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The Paper the World Needs Right Now
| Lasse Lien | I strongly think this paper is both timely and useful. Filed under: - Lien -, Ephemera, Papers, Recommended Reading
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Behavioral Contract Theory
| Peter Klein | The December 2014 issue of the Journal of Economic Literature contains a nice review article on “Behavioral Contract Theory” by Botond Köszegi. Abstract below, ungated version here....
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Two Interesting NBER Papers
| Peter Klein | A couple of recent NBER papers of interest to O&Mers, one from Doug Irwin, another from Luis Garicano and Esteban Rossi-Hansberg: Adam Smith’s “Tolerable Administration of Justice”...
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The Use of History in Management Research and Education
| Peter Klein | Another book recommendation, also courtesy of EH.Net. The book is Organizations in Time: History, Theory, Methods (Oxford University Press, 2014), edited by Marcelo Bucheli and R....
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Competition in Early Telephone Networks
| Peter Klein | As with other technologies involving network effects, the early telephone industry featured competing, geographically overlapping networks. Robert MacDougall provides a fascinating...
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The Origin of Social Norms
| Peter Klein | Some findings that would not have surprised Carl Menger: Ode to the sea: Workplace Organizations and Norms of Cooperation Uri Gneezy, Andreas Leibbrandt, John A. List NBER Working Paper...
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Gans on Lepore on Christensen
| Peter Klein | Josh Gans has some useful remarks on Jill Lepore’s New Yorker essay on Clayton Christensen. Lepore only deals with the easy marks in her take down of Christensen and one suspects...
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Knowledge Elites, Inequality, and Economic Growth
| Peter Klein | An interesting paper from Mara P. Squicciarini and Nico Voigtländer examines the role of “knowledge elites” — individuals at the upper tail of the human capital distribution* — in...
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Mark Casson’s The Entrepreneur at 30
| Peter Klein | 2012 marked the 30th anniversary of Mark Casson’s classic work The Entrepreneur: An Economic Theory. Casson was one of the first economists since Frank Knight to elaborate on the role...
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Business Cycles and the Structure of Production
| Peter Klein | A new paper from former guest blogger Peter Lewin: A Financial Framework for Macroeconomic Cycles: The Structure of Production is Relevant Peter Lewin University of Texas at Dallas –...
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Corporate Governance in the 19th Century
| Peter Klein | A new NBER paper on 19th-century manufacturing firms in Massachusetts finds that incorporation rates, ownership concentration, and and managerial ownership varied systematically with...
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Notes on Inequality
| Peter Klein | Everyone’s talking about inequality. I confess don’t find inequality terribly interesting, intrinsically. Of course, inequality that results from special government privilege — the...
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Firm Boundaries Matter
| Peter Klein | Do firm boundaries — defined as ownership of the relevant capital goods — affect firm behavior and performance? Or is the firm best understood as a nexus of contracts, in which...
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In the Journals
| Peter Klein | Some interesting review issues and special collections are hot off the virtual presses. The Journal of Management has just released its annual review issue with a number of valuable...
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