Template-Type: ReDIF-Paper 1.0
Author-Name: Hendrikse, G.W.J.
Author-Name-Last: Hendrikse
Author-Name-First: George
Author-Name: Veerman, C.P.
Author-Name-Last: Veerman
Author-Name-First: Cees
Title: On The Future of Co-operatives
Abstract: Two extensions are formulated of the analysis of the allocation of decision rights in Hendrikse and Veerman (2001). First, the incomplete contracts in their article can be viewed as simple long-term contracts, i.e. it is not allowed to make the allocation of authority contingent on the circumstances. Contingent long-term contracts are now considered. Second, another aspect of decision rights is the frequency of meetings between the owners and managers of enterprises. This aspect will be addressed from a long-term contract perspective as well as a loss aversion perspective.
Creation-Date: 2003-02-10
File-URL: https://repub.eur.nl/pub/270/erimrs20030210130013.pdf
File-Format: application/pdf
Series: RePEc:ems:eureri
Number: ERS-2003-007-ORG
Classification-JEL: L2, M, M10
Keywords: contingent control rights, frequency of board meetings
Handle: RePEc:ems:eureri:270