THE CONTINGENT GOVERNANCE OF TEAMS - ANALYSIS OF INSTITUTIONAL COMPLEMENTARITY

被引:111
作者
AOKI, M
机构
关键词
D O I
10.2307/2527079
中图分类号
F [经济];
学科分类号
02 ;
摘要
The first purpose of this paper is to design a model of governance structure, called the contingent governance, which can control the free-riding problem in teams in the second-best manner. The second is to show, by a new method of comparative static analysis, that the effectiveness of the contingent governance may be enhanced by complementary institutional arrangements of the imperfect labor market and bank-centered financial system. The paper discusses the implications of such institutional complementarity for the dynamic change of the Japanese main bank system and financial system design of transitional economies.
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页码:657 / 676
页数:20
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