Question
Explain how bounded rationality can cause incomplete contracts and the consequences for organisational architecture. Include in your answer a discussion of the hold-up problem associated
Explain how bounded rationality can cause incomplete contracts and the consequences for organisational architecture. Include in your answer a discussion of the hold-up problem associated with firms incentives to invest in co-specialised assets.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
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