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, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i …This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …
Persistent link: https://www.econbiz.de/10005497860
phenomenon include agency and moral hazard problems, imperfect information and incentives, myopia, and X-inefficiency. Data from …
Persistent link: https://www.econbiz.de/10009275873
, which must be adapted to a privately observed shock and coordinated with other tasks. Coordination requires that agents pay … leadership naturally arise as a response to organizational trade-offs between coordination and adaptation. At the optimum, all …. Surprisingly, improvements in communication technology may result in smaller but more adaptive organizations. …
Persistent link: https://www.econbiz.de/10011084079
Marketing co-operatives (MCs) are analysed from an incomplete contracting perspective. The requirement of the domination of control by the members of a MC is a threat to the survival of a MC in markets where the level of asset specificity at the processing stage of production is increasing....
Persistent link: https://www.econbiz.de/10010731460
Transactions take place in the firm rather than in the market because the firm offers agents who make specific investments power. Past literature emphasizes the allocation of ownership as the primary mechanism by which the firm does this. Within the contractibility assumptions of this...
Persistent link: https://www.econbiz.de/10005498046
In this paper, we seek to understand how a multi-product multi-market firm (for example, a multinational firm) designs its organizational structure and compensation scheme when its profitability is conditioned by how market information flows within the company. By modifying its organizational...
Persistent link: https://www.econbiz.de/10009293398
We ask three questions to clarify the production of soft information and decision making within a bank organization: (1) In a hierarchical ladder within a bank organization, who has more soft information on borrowers (repository of soft information) and does the answer differ depending on bank-...
Persistent link: https://www.econbiz.de/10010548605
substitutabilities and synergies, determine the allocation of knowledge among members of the organization. Communication shapes the …
Persistent link: https://www.econbiz.de/10008694930
Increasing evidence shows that ICT investment improves firm performance. Among the many explanations on why ICT contributed to labor productivity surge since 1990, this is the most promising one. It is thus necessary to take the firm as an information processing organization, putting it in...
Persistent link: https://www.econbiz.de/10004961526
This report presents, motivates, and illustrates the use of a computational laboratory for the investigation of evolutionary trade network formation among strategically interacting buyers, sellers, and dealers. The computational laboratory, referred to as the Trade Network Game Laboratory (TNG...
Persistent link: https://www.econbiz.de/10004979909