Both Market and Hierarchy: An Incentive-System Theory of Hybrid Governance Forms
构建了混合治理形式的分类体系，并通过多任务委托代理模型，分析激励、所有权和正式权威如何影响混合形式的效率，帮助理解企业何时选择混合治理。
We create a taxonomy of hybrid governance forms and develop a formal theory that predicts when a given hybrid form will be efficient. Our model is unique in that we consider cross-task synergies in a multitask principal-agent model, where hybrid forms result as principals try to motivate cooperation among agents indirectly through incentives, ownership, and formal authority. We conclude with a discussion of other mechanisms that might also help us understand and predict hybrid governance forms.