GOOD FENCES MAKE GOOD NEIGHBORS: AN INSTITUTIONAL EXPLANATION OF INDUSTRY SELF-REGULATION.
Academy of Management ProceedingsPublished 1 August 2006
Michael L. Barnett, Andrew A. King
Citations17
SJR score0.14
SNIP0.05
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Abstract
We study conditions surrounding the emergence of a private decentralized institution. We find that a critical event created an industry commons, and a self-regulatory institution reduced the risks associated with this commons. Surprisingly, the institution did so by protecting the entire industry from the errors of member firms.
Keywords
Social SciencesEconomics, Econometrics and Finance