Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-wzw2p Total loading time: 0 Render date: 2024-05-07T14:05:36.908Z Has data issue: false hasContentIssue false

10 - Decision-Making in Large Organizations

from Part III - Implications

Published online by Cambridge University Press:  03 November 2016

Birger Wernerfelt
Affiliation:
Massachusetts Institute of Technology
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Adaptation, Specialization, and the Theory of the Firm
Foundations of the Resource-Based View
, pp. 161 - 178
Publisher: Cambridge University Press
Print publication year: 2016

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Aghion, Phillipe, and Tirole, Jean, “Formal and Real Authority in Organizations,” Journal of Political Economy, 105, 129, 1997.Google Scholar
Albaek, Svend, and Schultz, Christian, “One Cow, One Vote?Scandinavian Journal of Economics, 99, 597615, 1997.Google Scholar
Anderson, I., “Early Democratic Traditions in Scandinavia” in Lauwerys, J.A., ed., Development of Democratic Thought and Institutions in Denmark, Norway, and Sweden. Copenhagen, Denmark: Schultz, 6977, 1958.Google Scholar
Bajari, Patrick, and Tadelis, Steven, “Incentives versus Incentives: A Theory of Procurement Contracts,” RAND Journal of Economics, 32, 387407, 2001.Google Scholar
Barnard, Chester I., The Functions of the Executive (Thirtieth Anniversary Edition), Cambridge, MA: Harvard University Press, 1968.Google Scholar
Black, D., The Theory of Committees and Elections, Cambridge, UK: Cambridge University Press, 1958.Google Scholar
Bolton, Patrick, and Rajan, A., “The Employment Relation and the Theory of the Firm: Arm’s Length Contracting vs. Authority,” Working Paper, Princeton University, 2001.Google Scholar
Bordalo, Pedro, Gennaioli, Nicola, and Shleifer, Andrei, “Salience and Consumer Choice,” Journal of Political Economy, 121, no. 5, pp. 803–43, 2013.Google Scholar
Calvo, Guillermo, and Wellisz, Stanislav, “Supervision, Loss of Control, and the Optimal Size of the Firm,” Journal of Political Economy, 86, 943–52, 1986.Google Scholar
Choi, J.J., Laibson, David, Madrian, Brigitte, and Metrick, A., “Saving for Retirement on the Path of Least Resistance,” in McCaffrey, E. and Slemrod, Joel, eds., Behavioral Public Finance: Towards a New Agenda, New York: Russell Sage Foundation, 304–51, 2006.Google Scholar
Crawford, Vincent P., and Sobel, J., “Strategic Information Transmission,” Econometrica, 50, 1431–52, 1982.CrossRefGoogle Scholar
Cremer, Jacques, “A Partial Theory of the Optimal Organization of a Bureaucracy,” The Bell Journal of Economics, 11, 683–93, 1980.Google Scholar
Dessein, Wouter, “Authority and Communication in Organizations,” Review of Economic Studies, 69, 811–38, 2002.CrossRefGoogle Scholar
Dessein, Wouter, “Hierarchies versus Committees,” Working Paper, University of Chicago.Google Scholar
Downs, Anthony, An Economic Theory of Democracy, New York, NY: Harper, 1957.Google Scholar
Garicano, Luis, “Hierarchies and the Organization of Knowledge in Production,” Journal of Political Economy, 108, 874904, 2000.Google Scholar
Geanakoplos, John, and Milgrom, Paul, “A Theory of Hierarchies Based on Limited Attention,” Journal of Japanese and International Economics, 5, 205–25, 1991.Google Scholar
Gilligan, T.W., and Krehbiel, K., “Collective Decision-Making and Standing Committees: An Informational Rationale for Restrictive Amendment Procedures,” Journal of Law, Economics, and Organization, 3, 287335, 1987.Google Scholar
Guest, R.H., “On Time and the Foreman,” Personnel, 32, 478–86, 1956.Google Scholar
Harris, Milton, and Raviv, Arthur, “A Theory of Board Control and Size,” Review of Financial Studies, 21, no. 4, pp. 1797–832, 2008.Google Scholar
Hauser, John R., and Wernerfelt, Birger, “An Evaluation Cost Model of Consideration Sets,” Journal of Consumer Research, 16, 393408, 1990.Google Scholar
Homans, George C., The Human Group, New York: Harcourt, Brace, Jovanovich, 1950.Google Scholar
Madrian, Brigitte, and Shea, D., “The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior,” Quarterly Journal of Economics, 116, 1149–87, 2001.Google Scholar
Meagher, K., Orbay, H., and Van Zandt, Timothy, “Market Contingent Managerial Hierarchies,” Working Paper, INSEAD, 2004.Google Scholar
Mintzberg, Henry, The Nature of Managerial Work, New York: Harper and Row, 1973.Google Scholar
Persico, N., “Committee Design with Endogenous Information,” Review of Economic Studies, 71, 165–94, 2004.Google Scholar
Perkins, K.B., and Poole, D.G., “Oligarchy and Adaptation to Mass Society in an All-Volunteer Organization: Implications for Understanding Leadership, Participation, and Change,” Nonprofit and Voluntary Sector Quarterly, 25, 7388, 1996.Google Scholar
Prendergast, Canice, “A Theory of ‘Yes Men,’American Economic Review, 84, 757–70, 1993.Google Scholar
Radner, Roy, “The Organization of Decentralized Information Processing,” Econometrica, 61, 1109–46, 1993.Google Scholar
Sah, Raj K., and Stiglitz, Joseph E., “Committees, Hierarchies, and Polyarchies,” Economic Journal, 98, 451–70, 1988.Google Scholar
Segal, Ilya, “Communication Complexity and Coordination by Authority,” Advances in Theoretical Economics, 6, 2006 (www.bepress.com/bejte/advances/).Google Scholar
Simon, Herbert A., Administrative Behavior (Third Ed.), New York: Free Press.Google Scholar
Simon, Herbert A., The New Science of Management Decision, New York: Harper and Row, 1976.Google Scholar
Simon, Herbert A., “A Formal Theory of the Employment Relationship,” Econometrica, 19, 293305, 1951.Google Scholar
Stein, Jeremy, “Information Production and Capital Allocation: Decentralized vs. Centralized Firms,” Journal of Finance, 57, 1891–921, 2002.Google Scholar
Tadelis, Steven, “Complexity, Flexibility, and the Make-or-Buy Decision,” American Economic Review, 92, 433–37, 2002.CrossRefGoogle Scholar
Wernerfelt, Birger, “Renegotiation Facilitates Contractual Incompleteness,” Journal of Economics and Management Strategy, 16, no. 4, 893910, 2007.Google Scholar
Wernerfelt, Birger, “On the Nature and Scope of the Firm: An Adjustment-Cost Theory,” Journal of Business, 70, 489514, 1997.CrossRefGoogle Scholar
Whyte, William F., The Street Corner Society, Chicago: University of Chicago Press, 1943.Google Scholar
Zbaracki, Mark J., Ritson, Mark, Levy, Daniel, Dutta, Shantanu, and Bergen, Mark, “Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets,” Review of Economics and Statistics, 86, 514–33, 2004.CrossRefGoogle Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×