We augment transaction cost economics' (TCE) bounded rationality assumption with heuristics (framing) and cognitive biases to expand the understanding of hierarchical governance in the theory. TCE traditionally puts opportunism in the frontseat, while primarily relegating bounded rationality to the support role of invoking incomplete contracts. The theory also suggests that hierarchical governance effectively mitigates opportunism-based transaction costs, making it difficult to explain why hierarchies are not always used. However, when an augmented bounded rationality assumption is incorporated into TCE, we argue, first, that bounded rationality is a separate source of transaction costs, and, second, that these costs are not equally mitigated by all forms of hierarchy. Instead, different hierarchical forms are associated with particular frames and social referents that naturally enhance specific bounded rationality-based conflicts, allowing certain hierarchical forms to mitigate bounded rationality-based transaction costs better than others. As a result, bounded rationality takes a frontseat in the theory, addressing prior critiques of TCE, expanding the governance questions addressed by the theory and creating a new moderating role for asset specificity in internal exchanges.

We derive finite rational formulas for the traces of cycle integrals of certain meromorphic modular forms. Moreover, we prove the modularity of a completion of the generating function of such traces. The theoretical framework for these results is an extension of the Shintani theta lift to meromorphic modular forms of positive even weight.

War correspondent Gwynne Dyer says they should worry more about carbon and climate change.

Oxford : Oxford University Press, 2020.

Dewey Library - JZ1307.R37 2019

Popper, Karl R. (Karl Raimund), 1902-1994, author

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Hayden Library - B802.L445 2018

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