๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Interpreting the Constitution after 1975

โœ Scribed by Brian Galligan


Book ID
124738054
Publisher
JSTOR
Year
1984
Weight
1010 KB
Volume
56
Category
Article
ISSN
0005-0091

No coin nor oath required. For personal study only.


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When members of a firm make firm-specific investments they will earn rents. Potential rent-seeking on the part of the owner of the firm and other employees reduces the value of an employee's firm-specific investment and, as a result, reduces the level of those investments. In this context the firm c