The Economics of Organization

The Economics of Organization

1st Edition - January 1, 1983

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  • Author: James D. Hess
  • eBook ISBN: 9781483256894

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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.

Table of Contents

  • Introduction to the Series


    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


    Subject Index

    Author Index

Product details

  • No. of pages: 292
  • Language: English
  • Copyright: © North Holland 1983
  • Published: January 1, 1983
  • Imprint: North Holland
  • eBook ISBN: 9781483256894

About the Author

James D. Hess

About the Editors

C.J. Bliss

Affiliations and Expertise

Nuffield College, Oxford, UK

M.D. Intriligator

Affiliations and Expertise

University of California, Los Angeles, CA, USA

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