長崎大学経済学部

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  • 【長崎大学経済学部ディスカッション・ペーパー・シリーズ】
       List of Discussion Paper Series

  • No.2004-04 (Aug. 2004)
  • 市場および制度とサイド・ペイメント
    Markets, Institutions and Side Payments
  • Takafumi YOSHIDA (Associate Professor, Faculty of Economics, Nagasaki University)
  • Abstract:
  •   We have accumulated a lot of theoretical studies about markets, institutions and firms. But we do not clear their natures and relations sufficiently. This paper aims at comprehensive understandings of them through a key concept i.e. side payments. We can find optimal resource allocations in both the institution and the market by means of side payments among the subjects concerned.

  • Keywords:
  • side payments, institutions, agency problems, conflicts, market value, optimal resource allocations

  • JEL Classification:
  • D23, D69, D74, G30, L20, P19
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