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Abstract

“Observation shows us that all associations are instituted for the purpose of attaining some good” (Aristotle, Politics, Book 1, Chapter 1). For purpose of this monograph organizations are defined as associations of persons
  • set up for a well-defined purpose

  • requiring more than one person’s effort

  • utilizing resources

  • not using exchange in markets but other methods of coordination.

Keywords

Institutional Arrangement Financial Distress Business Firm Adequate Performance Authorized Person 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1988

Authors and Affiliations

  • Martin J. Beckmann
    • 1
    • 2
  1. 1.Brown UniversityProvidenceUSA
  2. 2.Institut für Angewandte MathematikTechnische Universität MünchenMünchen 2Germany

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