(Saturday, 1st January 2005)
Empirical research on contracts and organization spans a variety of issues, including the boundary of the firm, the duration of contractual relations, the structure of organizations, and the structure of incentive systems. Sykuta (2005) reviews some of the econometric tools employed by researchers as they relate to many of the types of questions addressed in the literature. The article also discusses some of the theoretical, empirical, and data challenges faced by students of contracting and organization.
This workshop will provide an overview of each of these issues, drawing from review articles of empirical research as well as specific examples of econometric analyses of contracts and contracting problems. In the process, participants will be encouraged to discuss innovative alternate measures and techniques to address lingering challenges in the literature.
Bibliographical references :
Hamilton, Barton H., and Jackson A. Nickerson. 2003. “Correcting for Endogeneity in Strategic Management Research,” Strategic Organization, 1:1, pp.53-80.
Masten, Scott, and Stéphane Saussier. 2002. “Econometrics of Contracts: An Assessment of Developments in the Empirical Literature on Contracting,” in The Economics of Contracts. Eric Brousseau and Jean Michel Glachant, eds. Cambridge, UK: Cambridge U. Press, pp. 273-92.
Mayer, Kyle J., and Jackson Nickerson. 2005. “Antecedents and Performance Implications of Contracting for Knowledge Workers: Evidence from Information Technology Services,” Organization Sci., forthcoming.
Must read reference : Sykuta, Michael. 2005. “New Institutional Econometrics: The Case of Contracting and Organizations Research,” in New Institutional Economics: A Textbook. Jean Michel Glachant and Eric Brousseau, eds. Cambridge, UK: Cambridge U. Press.
