Incentives in Corporations: Evidence from the American Whaling Industry
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In the 1830s, when whaling was a prosperous American industry, a number of whaling corporations were chartered. All of them were short-lived. This paper analyzes the failure of corporations in American whaling, and argues that the corporate form was unable to create the incentives requisite for
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美国国家经济研究局创建时间：
2004-04-01
