Opportunism and Org Under the Black Flag--Revised

Opportunism and Org Under the Black Flag--Revised

30 Pages · 2009 · 137 KB · English

1 Opportunism and Organization under the Black Flag * PETER T. LEESON * I am especially grateful to John Slocum for helpful comments and suggestions on a previous

Opportunism and Org Under the Black Flag--Revised free download


1 Opportunism and Organization under the Black Flag * PETER T. LEESON * I am especially grateful to John Slocum for helpfu l comments and suggestions on a previous draft of t his paper. I also thank the Becker Center on Chicago Pr ice Theory at the University of Chicago and the Mercatus Center at George Mason University for supp ort. This paper contains material from the author’s book, The Invisible Hook: The Hidden Economics of Pirates (Princeton University Press, 2009). 2 The prospect of opportunism poses a constant threat to firms. Firms that can’t overcome this threat have no chance of succeeding in their m arket. To conquer the competition, firms must first conquer the specter of self-dealin g that plagues their internal operation. The terms “opportunism” and “self-dealing” are used broadly to connote any behaviors by firm members

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