From Coase to Culture: visible hands building equilibrium

Bob Gibbons will speak about value creation—both within organizations and in other organized activities, in settings that require relational contracts.  He will focus on relational contracts that are difficult to build, asking whether ideas and techniques associated with organizational culture might be useful in building such relational contracts. 

Meet our speaker and chair

Robert Gibbons is a faculty member in MIT's Sloan School and MIT's Department of Economics, where he teaches management and PhD courses (respectively) and has received teaching awards from each. His research and teaching concern the design and performance of organizations and other organized activities, especially via “relational contracts,” which can be defined as informal agreements so rooted in the parties' circumstances that they cannot be adjudicated by courts.

Maitreesh Ghatak is Professor in the Department of Economics at LSE. He is an elected Fellow of the British Academy and a Fellow of the International Economic Association. He previously taught at the Department of Economics at the University of Chicago. His main areas of research interest are development economics, public economics, and the economics of organisations. 

More about this event

The Economica Coase lecture series (after Ronald Coase's celebrated work on the theory of the firm published in Economica) was inaugurated in 2007.

Economica (@EconomicaLSE) is an international peer-reviewed academic journal covering research in all branches of economics.

The Department of Economics (@LSEEcon) at LSE, is one of the leading economics departments in the world. We are a large department, ensuring all mainstream areas of economics are strongly represented in research and teaching.

Twitter Hashtag for this event: #LSECoase