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One of the major themes of our course has been understanding the economic factors that determine the boundary between firms and markets, as well as between different firms, as mechanisms for allocating resources. Some of the key ideas we have discussed are economies of scale and scope, incentives for effort and investment, opportunism, job design, ownership and control rights, asset specificity, complexity and incompleteness of contracts, costs of renegotiation, bargaining power, and so on.
Choose three or more case studies from the class reading list that provide empirical analyses of some of the above factors, and explain how they provide support for various theories. Be as precise as possible about the hypotheses and results. You do not need to describe econometric methods in detail, but try to bring out which estimates are used to test theories.
Your paper should have a brief introduction which states which concepts and cases you will discuss, and a conclusion that summarizes how the different cases complement or support each other, or how and why they are different.
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