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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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