Baç, Mehmet (2019) Organization. In: Marciano, Alain and Battista Ramello, Giovanni, (eds.) Encyclopedia of Law and Economics. Springer, New York, NY, pp. 1537-1542. ISBN 9781461477525 (Print) 9781461477532 (Online)
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Official URL: https://dx.doi.org/10.1007/978-1-4614-7753-2_358
Abstract
Organizations exist because they cost-effectively coordinate and provide incentives relative to alternative modes of transacting. The article exposes some of the main economic explanations for why organization emerges, what it does and how its scale and scope are determined, highlighting the role of a hierarchical command structure in aligning the members’ objectives with those of the organization and successfully overcoming problems of asymmetric information and collusion.
| Item Type: | Book Section / Chapter |
|---|---|
| Divisions: | Faculty of Arts and Social Sciences |
| Depositing User: | Mehmet Baç |
| Date Deposited: | 08 Sep 2025 15:49 |
| Last Modified: | 08 Sep 2025 15:49 |
| URI: | https://research.sabanciuniv.edu/id/eprint/52204 |
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