... with them Thomas Hobbes, Leviathan, ed By C.B Macpherson [Baltimore, Md.: Penguin Books, Inc., 19 68 (first published 16 51] , pp 18 5 -1 88, with editing by the authors 14 Chapter The Economic Way of ... and Economics, vol (19 85), pp 11 5 -1 29 25 Y Amihud and B Lev, “Risk Aversion as a Managerial Motive for Conglomerate Mergers,” Bell Journal of Economics, (Fall 19 81) , pp 60 5-6 17 ; B Holmstron, “Moral ... board as 19 As reported in Haig R Nalbantian and Andrew Schotter, “Productivity Under Group Incentives: An Experimental Study,” American Economic Review, vol 87 (no 3), June 19 97, pp 31 4-3 41 20 Joseph...