| The
Contracting and
Organizations Research Institute is an interdisciplinary research
institute dedicated to the study of the organization and structure of
economic enterprise and of the effects of legal, political, social, and
economic institutions on the structure and performance of economic
organizations. CORI was founded to encourage and enable empirical
research on contracting and organizational structure, drawing on such
fields as economics, law, business, and related social sciences. |
| CORI NEWS &
RESEARCH UPDATES |
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| Klein on "No New Economy" |
| CORI Associate Director Peter Klein presented at the 3rd Annual Law and Economics of Innovation workshop at George Mason University (co-sponsored by Microsoft) on Thursday, May 7. Klein addressed the question, "Does the New Economy Need a New Economics?" His conclusion: the basics of economic analysis still apply as we attempt to understand technological and commercial innovation. |
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| CORI Senior Fellow on U.S. Bankruptcy Surge |
| CORI Senior Faculty Fellow and co-founder Robert Lawless (University of Illinois School of Law) is quoted in this AP story on the recent surge in U.S. bankruptcy filings, despite recent legislation meant to make filing bankruptcy more difficult. |
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| Access Options for Academic Users! |
| Academic research often requires large samples of contracts for thorough analysis. Downloading all the individual contracts of interest can take a great deal of time. Academic users with a well-defined search query may request a free batch download of their search results. Email
for information on batch download opportunities. |
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| NEW PUBLICATIONS |
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| Opportunity discovery, entrepreneurial action, and economic organization |
Peter G. Klein
.Strategic Entrepreneurship Journal 2(3):175-190 (October 2008)
In this
paper, CORI Associate Director Peter Klein reviews and critiques the opportunity discovery approach to entrepreneurship and argues that entrepreneurship can be more thoroughly grounded, and more closely linked to more general problems of economic organization by adopting the Cantillon-Knight-Mises understanding of entrepreneurship as judgment. The article begins by distinguishing among occupational, structural, and functional approaches to entrepreneurship and distinguishing among two influential interpretations of the entrepreneurial function - discovery and judgment. It turns next to the contemporary literature on opportunity identification and argues that this literature misinterprets Kirzner's instrumental use of the discovery metaphor and mistakenly makes opportunities the unit of analysis. The article then describes an alternative approach in which investment is the unit of analysis and link this approach to Austrian capital theory. He closes with some applications to organizational form and entrepreneurial teams. |
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| NEW
WORKING PAPERS |
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| A Primer on Collective Entrepreneurship: A Preliminary Taxonomy |
| CORI Senior Fellow Michael Cook and CORI Fellow Molly Burress document an increasing prevalence of the term "collective entrepreneurship" in scholarly research. By examining the context in which the term is utilized, they present a framework through which to understand motivations for research in collective entrepreneurship and the variety of entrepreneurial endeavors described as collective entrepreneurship. The authors identify five primary motivations for research: advancement of theory, intra-organizational efficiency, inter-organizational gains, economic growth and development, and socio-political change. They find preliminary evidence that collective entrepreneurs may be able to generate rents inaccessible to the sole entrepreneur. In addition, the authors propose mechanisms which foster entrepreneurship may differ for sole and collective entrepreneurs. |
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University
of Missouri Columbia