Contracting for Innovation FINAL
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Class notes
2014-09-03 notes
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2014-09-03 notes.pdf
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A Contract Is not the Same as a Relationship
Asymetric Information Produce Ignorance and Uncertainty
book Visible Hand - Adam Chandler
Capitalism Depends on Self-limitation
Contracting Is Establishing a Link
Courts Do a Poor Job Interpreting Exchange
Crisis of the Vertically Integrated Firm
Definition of Trust
Errors Destroy Trust
Example the Canteloupe Markets
Example Toyota Production Model
Foster Innovation
Impossible to Explicit Them All
Insufficient Term to Describe What Is Happening
Intellectual Regimes of Innovation
New Governance Rules
New Regimes of Collaboration Are Diffuse (nike, Apple)
No One Know the Future State of the World
Organizational Response of the Private Sector to Uncertainty
Paternalism = Nudge (book)
Regulation Role before uncertainty
Risk Is Payoff Times Probability
Rules of Reciprocity
Shift to Multiple Links, not Hierarchical Order
The Activity of Exchange Does not Produce Rules
Trust = Exchange
Trust Is Endogenous to Exchange
Uncertainty not the Same as Risk