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Empirically, compensation systems generate substantial effort despite weak monetary incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal contract in the basic principal-agent problem and show that reciprocal motivations and explicit performance-based...
Persistent link: https://www.econbiz.de/10010264451
We examine the implementation of efficient decisions about accepting a special order with asymmetric information by means of a dual transfer pricing mechanism based on Ronen and McKinney (1970). The model is designed in a simple fashion, two vertically related divisions within a firm...
Persistent link: https://www.econbiz.de/10010302269
The predominantly positivist approach in economics towards the object of study is not able to grasp power and domination in its complex interaction of agency and structure. Also in ecological economics and its critique to economic growth, there is a lack of conceptualizations that are sensible...
Persistent link: https://www.econbiz.de/10011600414
Unternehmensarchitektur von Unternehmen über die Jahre stetig erhöht. Das Aufkommen nutzerfreundlicher Informationstechnologie (IT … Unternehmensarchitektur. Darüber hinaus treibt dieser IT-Einsatz die Digitalisierung in den Unternehmen maßgeblich voran. Dies wirft die Frage … Unternehmensarchitektur. Er beleuchtet, dass eine gemeinsame Sprache die Basis für IT-Integrationsprojekte ist und dass eine Kultur, in der …
Persistent link: https://www.econbiz.de/10014504215
This paper presents a critical overview of some recent attempts at building formal models of organizations as information-processing and problem-solving entities. We distinguish between two classes of models according to the different objects of analysis. The first class includes models mainly...
Persistent link: https://www.econbiz.de/10010328527
Aufbauend auf der These einer zunehmenden Vermarktlichung von Beschäftigungsverhältnissen und des Endes der Organisationsgesellschaft von Davis (2009a, 2009b) untersuchen wir den Wandel der Industrienation Deutschland zur Dienstleistungs- und Wissensgesellschaft und fragen, ob mit diesem...
Persistent link: https://www.econbiz.de/10010332800
An organization is a collection of agents that interact and produce some form of output. Formal organizations - such as corporations and governments - are typically constructed for an explicit purpose though this purpose needn’t be shared by all organizational members. An entrepreneur who...
Persistent link: https://www.econbiz.de/10010293450
This paper studies the issue of designing an optimal organizational form: design for sub-units' task allocation, decision-making structure, and incentive schemes for organizational members. Depending on the way tasks are allocated between the sub-units, and whether decision-making is centralized...
Persistent link: https://www.econbiz.de/10010332408
Effective monitoring requires proper incentives and detection skill. Detection skills depend on the extent of specialization in monitoring and on the number of agents to be supervised. This paper demonstrates that hierarchy and monitoring of monitors can provide the necessary incentives for the...
Persistent link: https://www.econbiz.de/10010296886
This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance arguments nor depends on ownership structure. We analyse a repeated hidden action model in which the actions of a risk neutral agent determine his future outside option. Consequently,...
Persistent link: https://www.econbiz.de/10010262786