FOOD SECURITY IN PRACTICE Social Accounting Matrices and Multiplier Analysis
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The second argument is related to proprietary information and specific human
capital. By concentrating ownership, decision rights can be given to individuals who
possess specific knowledge (Jensen and Meckling, 1992; Christie, Joye, and Watts, 1993).
One benefit of co-locating decision rights with specific knowledge is that the leakage of
the specific knowledge to competitors is prevented and the transferring cost of the
specific knowledge is avoided. This benefit is great in East Asia where political lobbying
activities are common and lucrative. As concentrating ownership limits information
flows to the public, political rent-seekers are able to avoid potential competition....
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FOOD SECURITY IN PRACTICE Social Accounting Matrices and Multiplier Analysis
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FOOD SECURITY IN PRACTICE Social Accounting Matrices and Multiplier Analysis
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