English, Article, Journal or magazine article edition: On the “Adverse Selection” of Organizations Matthias Kräkel

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Bookmark: http://trove.nla.gov.au/version/52619
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • On the “Adverse Selection” of Organizations
Author
  • Matthias Kräkel
Physical Description
  • preprint
Notes
  • According to New Institutional Economics, two or more individuals will found an organization, if it leads to a benefit compared to market allocation. A natural consequence will then be internal rent seeking. We discuss the interrelation between profits, rent seeking and the foundation of organizations. Typically, we expect that highly profitable firms are always founded but it is not clear whether the same is true for firms with less optimistic prospects. We will show that internal rent seeking may lead to a completely reversed result. The impact of internal rent seeking on overall investment and the implications of firm size and competition on the foundation of organizations are also addressed.
  • contests; foundation of organizations; internal rent seeking
  • RePEc:bon:bonedp:bgse15_2006
Language
  • English
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