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This paper analyzes the economic foundations of a non-democratic political regime, where the ruling bureaucracy captures rents through collective control over state property and job assignment. The model developed here yields the equilibrium in the 'political labor market,' where the ruling...
Persistent link: https://www.econbiz.de/10010369152
Britan, G. M. and Cohen, R. Introduction.--Britan, G. M. and Cohen, R. Towards an anthropology of formal organizations.--Nader, L. The vertical slice, hierarchies and children.--Schwartzman, H. B. The bureaucratic context of a community mental health center.--Britan, G. M. and Chibnik, M....
Persistent link: https://www.econbiz.de/10000118883
Persistent link: https://www.econbiz.de/10002019705
This paper analyzes the economic foundations of a non-democratic political regime, where the ruling bureaucracy captures rents through collective control over state property and job assignment. The model developed here yields the equilibrium in the 'political labor market,' where the ruling...
Persistent link: https://www.econbiz.de/10011608977
Persistent link: https://www.econbiz.de/10012171128
Organizational agility and decision-making are critical in today’s dynamic business environment, but overemphasis on hierarchy and bureaucracy can hinder both. This article presents the find- ings of a study that examined the negative impact of overemphasis on hierarchy and bureaucracy on...
Persistent link: https://www.econbiz.de/10014260980
The paper is concerned with instructions as a way of setting premises for subsequent decisions in models of teams à la Marschak-Radner, under information diversification. The paper suggests that instructions can bridge people's differences in knowledge: they do not require mutual understanding...
Persistent link: https://www.econbiz.de/10010312657
Several empirical studies have challenged tournament theory by pointing out that (1) there is considerable pay variation within hierarchy levels, (2) promotion premiums only in part explain hierarchical wage differences and (3) external recruitment is observable on nearly any hierarchy level. We...
Persistent link: https://www.econbiz.de/10010264925
Several empirical studies have challenged tournament theory by pointing out that (1) there is considerable pay variation within hierarchy levels, (2) promotion premiums only in part explain hierarchical wage differences and (3) external recruitment is observable on nearly any hierarchy level. We...
Persistent link: https://www.econbiz.de/10010268856
Kirman's ant model has been used to characterize the expectation formation of financial investors who are prone to herding. The model's original version suffers from the problem of N-dependence: its ability to replicate the statistical features of financial returns vanishes once the system size...
Persistent link: https://www.econbiz.de/10010299741