In this work we analyze the characteristics and dynamics of organizations wherein members diverge in terms of capabilities and visions they hold, and interests which they pursue. How does society put together such distributed and possibly coflicting knowledge? The question is "Hayekian" in its...

This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...

This work presents a rather general model of organizational problem-solving able to account for the relationships between problem complexity, decentralization of tasks and problem-solving efficiency. Whenever problem-solving requires the coordination of a multiplicity of interdependent elements,...