Kellogg School of Management

Tools: Bounded Rationality, Incomplete Contracting, Moral Hazard

To date we have taken apart the firm and examined where institutions offer no advantage over bargaining by individuals, or relying on the price mechanism. We have seen two early explanations for ...
The Conversation

Levelling up alone won’t help many of the UK’s ‘left-behind’ places

Robert Huggins does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...
Kellogg School of Management

Tools: Bounded Rationality, Incomplete Contracting, Moral Hazard

To date we have taken apart the firm and examined where institutions offer no advantage over bargaining by individuals, or relying on the price mechanism. We have seen two early explanations for ...