On the folly of rewarding A, while hoping for B
Academy of Management Journal (pre-1986); Dec 1975; 18, 000004; ABI/INFORM Global
Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
Factors in Industrial Integration
Author(s): John Jewkes
Source: The Quarterly Journal of Economics, Vol. 44, No. 4 (Aug., 1930), pp. 621-638
Published by: Oxford University Press
Stable URL: http:/www.jstor.org/stable/1884026 .
Accessed: 22/12/2014 05:43
Lecture Note 4: Make, Buy, or Cooperate?1
In 1937, Ronald Coase argued that firms will exist only in environments in which
firms perform better than markets could. To create space for firms, Coase suggested that
some environments might b
BY ARMEN A.
ALCHIAN AND HAROLD DEMSETZ*
The mark of a capitalistic society is that
resources are owned and allocated by such
nongovernmental organizations as firms,
households, and markets. Resource
Journal of Economic PerspectivesVolume 12, Number 4Fall 1998Pages 115132
Incentives in Organizations
n 1975, Steven Kerr published On the Folly of Rewarding A, While Hoping for
B. The argument was simple: you get what you pay for. Kerr di
George A. Akerlof, A. Michael Spence, Joseph E. Stiglitz
Writing the "The Market for 'Lemons'": A
Personal and Interpretive Essay
by George A. Akerlof
I wrote "The Market for awarded the Prize in Economics) during my !rst year
as assistant * "