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This survey presents within a single model three theories of decentralization of decision-making within organizations based on private information and incentives. Renegotiation, collusion, and limits on communication are three sufficient conditions for decentralization to be optimal. Cet article...
Persistent link: https://www.econbiz.de/10005100921
In order to adequately respond to the challenges of the knowledge-based economy several firms adopt non-traditional organisational forms. These new organisational forms are characterised by their high degree of flexibility and adaptability, their customer focus, their process orientation and...
Persistent link: https://www.econbiz.de/10005101051
China's Customs Statistics, we examine the impact of oil prices on trade's sensitivity to distance. We find that higher oil … prices increase trade's elasticity to distance, but that the economic effect is small. We also find that the effect is more …
Persistent link: https://www.econbiz.de/10008839540
that distance plays an important role in the determination of the effort level. However, it is not simply a cultural or … geographical but a more complex notion labelled perceived distance. IT played an interesting role in the determination of effort …. It facilitated a higher formalization of the information exchanged and mitigated the impact of geographical distance on …
Persistent link: https://www.econbiz.de/10005100544