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Simplistic vs. Complex Organization: Markets, Hierarchies, and Networks in an Organizational Triangle â A Simple Heuristic to Analyze Real-World Organizational Forms â

Elsner, Wolfram; Hocker, Gero; Schwardt, Henning - In: Journal of Economic Issues 44 (2010) 1, pp. 1-30

Transaction cost economics explains organizational forms in a market vs. hierarchy dichotomy as hybrids of those two ideal forms. The present paper, in contrast, argues that pure market and hierarchy, including their potential formal hybrids, are an empirically void set and that coordination...

Persistent link: https://www.econbiz.de/10008742926

Policy and State in Complexity Economics

Elsner, Wolfram - 2017

Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the … theoretical and empirical findings are consistent with older heterodox research interests and predictions. Economic complexity is … perceived complexity, and generating social institutions. Boosted by the financial crisis 2008ff., a surge to explore complexity …

Persistent link: https://www.econbiz.de/10011650556

Simplistic vs. Complex Organization: Markets, Hierarchies, and Networks in an 'Organizational Triangle'

Elsner, Wolfram; Hocker, Gero; Schwardt, Henning - Volkswirtschaftliche Fakultät, … - 2009

Transaction cost economics explains organizations in a simplistic ‘market-vs.-hierarchy’ dichotomy. In this view, complex real-world coordination forms are simply considered ‘hybrids’ of those ‘pure’ and ideal forms, thus being located on a one-dimensional ‘line’ between them....

Persistent link: https://www.econbiz.de/10005787193