Internalizing market transactions has been seen by New Institutional Economics (NIE) as a means of over-coming transaction costs. Several specific theories have been put forward as to how the presence of such costs (variously defined), or other institutional factors, motivates f…
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Firms do not want to have their reputations tarnished with labels such as "worst polluter" or "sweatshop" since these negative stigmas are often accompanied with significant financial repercussions. Due to these costs, social and environmental information about firm behavior is …
The greatest productive asset for most people in the world is their own labor. Many poor people employ their labor in subsistence agriculture or in informal jobs. A direct route to lift these people out of poverty is to move them into formal sector jobs which provide higher wage…