中文在线免费视频,欧美亚洲桃花综合,日本中文字幕在线视频站,欧美精品一区二区三区观

張維迎教授英文新書(shū)《The Origin of the Capitalist Firm》出版

發(fā)布日期：2019-01-04 11:34    來(lái)源：北京大學(xué)國家發(fā)展研究院

978-981-10-0221-2

Author: Weiying Zhang

Publisher: Springer Singapore

Print ISBN: 978-981-10-0220-5

Electronic ISBN: 978-981-10-0221-2

About this book

The book addresses the entrepreneurial origin of the capitalist firm and its asymmetric contractual relationships between capitalists, workers, managers and entrepreneurs, and explains the origin of the firm by focusing on entrepreneurship. A hidden action model shows how assigning residual claim to entrepreneurs can provide a better overall incentive; a hidden information model demonstrates that capitalists are given priority and have authority to select the management, because capital can signal entrepreneurial ability; and a general equilibrium entrepreneurial model shows that the equilibrium relationships between different members of the firm depend on the joint distribution of ability, wealth and risk attitudes in the population. Overall, the book reveals that the capitalist firm is more efficient, not only because it provides better incentives but also because it ensures that the most entrepreneurial people control the firm.