Monopolies Life Cycle, Bureaucratization and Schumpeterian Growth

David Martimort and Thierry Verdier

Working Papers from Laval - Laboratoire Econometrie

Abstract: This paper analyzes the links between the internal organization of firms and macroeconomic growth. We present a Schumpeterian growth model in which firms face dynamic agency costs. These agency costs are due to the formation of vertical collusions within the organization. To respond to the opportunity of internal collusion, firms go through a whole life cycle, getting more bureaucratized and less efficient over time.

Keywords: MONOPOLIES; LIFE CYCLE; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: D42 O40 (search for similar items in EconPapers)
Pages: 34 pages
Date: 1999
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Related works:
Working Paper: Monopolies Life Cycle, Bureaucratization, and Schumpeterian Growth (2001)
Working Paper: Monopolies Life Cycle, Bureaucratization and Schumpeterian Growth (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:lavale:1999-09

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