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In economics there is a research subject called "Theory of the firm". In 2016 Holmström and Milgrom got Economics Nobel for their research of theory of cont
by nabla9 6y ago
In economics there is a research subject called "Theory of the firm". In 2016 Holmström and Milgrom got Economics Nobel for their research of theory of contracting and incentives especially as applied to the theory of the firm. It's theory that is actually interesting to read. They have papers like: The firm as an incentive system, The Boundaries of the Firm, Incentive Contracts, Asset Ownership, and Job Design, An Economic Theory of Promises, The Firm as a Subeconomy,