Summary of JOIE Article by Annette Kendall, University of Missouri-Columbia, U.S. The full article is available on the JOIE website. Why do some industries sustain a culture of “helping your competitor” even as they grow, formalize, and face sharper rivalry? Standard institutional theory suggests early, informal collaboration gradually gives way to contracts, monitoring, and guarded…
Tag: social capital
Institutions, the social capital structure, and multilevel marketing companies
Summary of JOIE article (First View, 14 July 2020) by Jordan K. Lofthouse, The Mercatus Center at George Mason University and Virgil Henry Storr, Department of Economics, George Mason University. The complete article is available on the JOIE website. In multilevel marketing companies (MLMs), also known as network marketing or direct selling, member-distributors earn income…