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Clubs and the Cost of Agency

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  • Siqueira, Kevin

Abstract

The paper investigates the impact of agency costs on club membership. Using a simple principal-agent model, under standard assumptions, the paper demonstrates that increased agency costs associated with hidden action can lead to an expansionary bias. Copyright 2001 by Kluwer Academic Publishers

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  • Siqueira, Kevin, 2001. "Clubs and the Cost of Agency," Public Choice, Springer, vol. 107(3-4), pages 383-393, June.
    • Handle: RePEc:kap:pubcho:v:107:y:2001:i:3-4:p:383-93
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    Cited by:

    1. Fleming, Euan & Griffith, Garry & Mounter, Stuart & Baker, Derek, 2018. "Consciously Pursued Joint Action: Agricultural and Food Value Chains as Clubs," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 9(2), March.
    2. Daniel Arce M. & L. Gunn, 2005. "Working Well with Others: The Evolution of Teamwork and Ethics," Public Choice, Springer, vol. 123(1), pages 115-131, April.
    3. Fleming, Euan & Griffith, Garry & Mounter, Stuart & Baker, Derek, 2018. "Consciously Pursued Joint Action: Agricultural and Food Value Chains as Clubs," 2018 International European Forum (163rd EAAE Seminar), February 5-9, 2018, Innsbruck-Igls, Austria 276879, International European Forum on System Dynamics and Innovation in Food Networks.

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