Institutional settings and rent appropri
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Aya S. Chacar; William Hesterly
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Article
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2008
π
John Wiley and Sons
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English
β 213 KB
## Abstract We examine the role of institutional settings in determining rent appropriation by employees. Based on an inductive historical study of ownerβplayer relations in Major League Baseball from the inception of professional baseball to the present, we show that both formal and informal insti