Economic Theories of Organization

Economic Theories of Organization

In recent years, economics & organizational analysis have begun to develop areas of mutual interest. Two major theories of organizations recently developed by economists, agency theory & transaction-cost economics, are critically reviewed, & certain questionable assumptions made in them...

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Veröffentlicht in:Theory and society 1986-01, Vol.15 (1/2), p.11-45
1. Verfasser: Perrow, Charles
Format: Artikel
Sprache:eng
Schlagworte:
Business structures
Contracts
Cost efficiency
Economic Theories
Economic theory
Engines
Industrial market
Musical agency
Opportunistic behavior
Organizational Structure
Radiators
Transaction costs
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Zusammenfassung:In recent years, economics & organizational analysis have begun to develop areas of mutual interest. Two major theories of organizations recently developed by economists, agency theory & transaction-cost economics, are critically reviewed, & certain questionable assumptions made in them are pointed out. A number of noneconomic forces favoring hierarchy are indicated; the distinction between market & hierarchy as organizational forms is also questioned. W. H. Stoddard
ISSN:0304-2421
1573-7853
DOI:10.1007/BF00156926