Business Associations and Private Ordering

Prüfer, Jens ORCID: https://orcid.org/0000-0001-7203-9711 (2016) Business Associations and Private Ordering. Journal of Law, Economics, and Organization, 32 (2). pp. 306-358. ISSN 8756-6222

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Abstract

We study the capacity of business associations-private, formal, noncommercial organizations designed to promote the common business interests of their members-to support contract enforcement and collective action. Inspired by recent empirical literature, our theoretical framework connects the organizational and institutional features of formal and informal business organizations with socioeconomic distance. We show how associations provide value to their members even if members are already embedded in social networks, and which players join an association. We propose explanations for empirical puzzles, put forward novel testable hypotheses, and relate business associations to alternative private ordering institutions. (JEL D02, D71, L14, L31).

Item Type: Article
Additional Information: Publisher Copyright: © 2015 The Author 2015.
Uncontrolled Keywords: economics and econometrics,organizational behavior and human resource management,law ,/dk/atira/pure/subjectarea/asjc/2000/2002
Faculty \ School: Faculty of Social Sciences > School of Economics
Related URLs:
Depositing User: LivePure Connector
Date Deposited: 08 Sep 2022 12:30
Last Modified: 30 Sep 2022 02:26
URI: https://ueaeprints.uea.ac.uk/id/eprint/87950
DOI: 10.1093/jleo/ewv017

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