The Economics of Organization
- 1st Edition, Volume 21 - January 1, 1983
- Imprint: North Holland
- Author: James D. Hess
- Editors: C.J. Bliss, M.D. Intriligator
- Language: English
- Paperback ISBN:9 7 8 - 1 - 4 8 3 2 - 4 9 7 7 - 3
- eBook ISBN:9 7 8 - 1 - 4 8 3 2 - 5 6 8 9 - 4
Advanced Textbooks in Economics, Volume 21: The Economics of Organization focuses on the processes, methodologies, and approaches involved in the study of various topics in… Read more
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Request a sales quoteAdvanced Textbooks in Economics, Volume 21: The Economics of Organization focuses on the processes, methodologies, and approaches involved in the study of various topics in economics, mathematical economics, and econometrics. The publication first ponders on the general resource allocation problem, particularly noting that a theory of resource allocation is formed by studying the deliberate and purposeful choices of individuals to provide a model for human behavior in the economic realm. The theory of exchange emphasizes that coordination and equilibrium must be formed to explain social linkages. The text then explains market allocation, and a number of propositions are discussed to show the dynamics of this field. The manuscript elaborates on transaction costs, markets and uncertainty, and behavior in the face of uncertainty. The publication also takes a look at the terms of authority, measuring of information, value of communication in teams, cost of communication, and budget planning. The formal organization of decision-making, hierarchical supervision and loss of control, alternative requirements of formal organization, and expedience and incentives are also underscored. The text is a valuable reference for researchers interested in the economics of organization.
Introduction to the SeriesAcknowledgementsChapter 1. IntroductionChapter 2. The General Resource Allocation ProblemChapter 3. Market AllocationChapter 4. Transaction CostsChapter 5. Markets and UncertaintyChapter 6. Behavior in the Face of UncertaintyChapter 7. Why are there Bosses?Chapter 8. The Terms of AuthorityChapter 9. Measuring InformationChapter 10. The Value of Communication in TeamsChapter 11. Cost of CommunicationChapter 12. Budget Planning: Transfer Prices or QuotasChapter 13. Principals and AgentsChapter 14. Hierarchical Supervision and Loss of ControlChapter 15. Formal Organization of Decision-MakingChapter 16. Alternative Requirements of Formal OrganizationChapter 17. Expedience and IncentivesReferencesSubject IndexAuthor Index
- Edition: 1
- Volume: 21
- Published: January 1, 1983
- No. of pages (eBook): 292
- Imprint: North Holland
- Language: English
- Paperback ISBN: 9781483249773
- eBook ISBN: 9781483256894
CB
C.J. Bliss
Affiliations and expertise
Nuffield College, Oxford, UKMI
M.D. Intriligator
Affiliations and expertise
University of California, Los Angeles, CA, USARead The Economics of Organization on ScienceDirect