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- English
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The Economics of Organization
About This Book
Advanced Textbooks in Economics, Volume 21: The Economics of Organization focuses on the processes, methodologies, and approaches involved in the study of various topics in economics, mathematical economics, and econometrics. The publication first ponders on the general resource allocation problem, particularly noting that a theory of resource allocation is formed by studying the deliberate and purposeful choices of individuals to provide a model for human behavior in the economic realm. The theory of exchange emphasizes that coordination and equilibrium must be formed to explain social linkages. The text then explains market allocation, and a number of propositions are discussed to show the dynamics of this field. The manuscript elaborates on transaction costs, markets and uncertainty, and behavior in the face of uncertainty. The publication also takes a look at the terms of authority, measuring of information, value of communication in teams, cost of communication, and budget planning. The formal organization of decision-making, hierarchical supervision and loss of control, alternative requirements of formal organization, and expedience and incentives are also underscored. The text is a valuable reference for researchers interested in the economics of organization.
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Table of contents
- Front Cover
- The Economics of Organization
- Copyright Page
- Table of Contents
- Introduction to the series
- Acknowledgements
- Chapter 1. Introduction
- Chapter 2. The general resource allocation problem
- Chapter 3. Market allocation
- Chapter 4. Transaction costs
- Chapter 5. Markets and uncertainty
- Chapter 6. Behavior in the face of uncertainty
- Chapter 7. Why are there bosses?
- Chapter 8. The terms of authority
- Chapter 9. Measuring information
- Chapter 10. The value of communication in teams
- Chapter 11. Cost of communication
- Chapter 12. Budget planning: Transfer prices or quotas
- Chapter 13. Principals and agents
- Chapter 14. Hierarchical supervision and loss of control
- Chapter 15. Formal organization of decision-making
- Chapter 16. Alternative requirements of formal organization
- Chapter 17. Expedience and incentives
- References
- Author index
- Subject index