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Author: Julio Rotemberg
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
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Book Description
Author: Julio Rotemberg
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book
Book Description
Author: Julio J. Rotemberg
Publisher: Forgotten Books
ISBN: 9780656218059
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Excerpt from Power in Profit Maximizing Organizations Organizations provide their members with a great variety of non-pecuniary sources of utility. The problem is that, unless the organization makes a superhuman effort at homogeneity, preferences differ across members. So, decisions that give a great deal of utility to some members often give less utility to others. While all members might agree that it would be nice to expand a building or install new carpets, preferences over the details differ. Even when it comes to decisions that affect the long term success of the organizations, such as personnel decisions, people differ in the kind of person they would like to be surrounded with. Employees are thus willing to pay to affect the firm's decisions. This implies that, when profit maximizing firms take decisions they should take into account the reductions in employee compensation that are possible as a result of these decisions. In particular, confronted with a choice of two decisions which produce the same revenues, a profit maximizing firm ought to choose that decision which allows it to reduces employee compensation the most. These considerations suggest that firms would benefit from schemes that ask employees for contributions and which pick that decision for which employees are willing to contribute the most. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Julio J. Rotemberg
Publisher:
ISBN: 9781332245512
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
Excerpt from Formal Authority Versus Power in Profit Maximizing Organizations I consider a setup in which the firm generally wishes to follow the wishes of individuals (or groups) with large amounts of specific human capital even if their willingness to pay for decisions is less than that of others. Thus, these individuals have power over decisions. In a situation where costly communication prevents the owner of the firm from knowing the valuations employees attach to all decisions, the owner will give formal authority to one individual (or group). I show that, as long as individuals have the possibility of protesting against decisions they do not like, it may be profit maximizing to give this formal authority to someone other than the powerful individual. The reason is that the threat of formal protests by powerful individuals is more effective as a check on the discretion of the person endowed with formal authority. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Julio Rotemberg
Publisher: Palala Press
ISBN: 9781379271079
Category : History
Languages : en
Pages : 36
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Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Bob Reinalda
Publisher: Routledge
ISBN: 113471047X
Category : Political Science
Languages : en
Pages : 273
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Book Description
This volume assesses the importance of international organisations in global governance during the last ten years. The prestigious team of international contributors seek to determine the ways in which IO's contribute to the solution of global problems by influencing international decision-making in ways that go beyond the lowest common denominator of national interests.
Author: Robert S. Gibbons
Publisher: Princeton University Press
ISBN: 0691132798
Category : Business & Economics
Languages : en
Pages : 1248
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Book Description
(E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.
Author:
Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493
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Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author: Ronald Cox
Publisher: University Press of Kentucky
ISBN: 0813156858
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
The cold war between the United States and the Soviet Union provided the context for U.S. policies toward Central America from the 1950s to the 1980s. Nonetheless, attitudes developed during the Cold War cannot explain the specific content of U.S. foreign policies toward the region. Ronald W. Cox argues that U.S. business interests have worked with policymakers to develop trade, aid and investment policies toward Central America. He reveals how the relationship between business groups and the state has been shaped by business competition, national security considerations, institutional structures, and instability in the Central American countries. Many see the state as autonomous and not influenced by business, but Cox argues that business groups have been able to take advantage of specific international circumstances to promote economic policies, thus increasing foreign investment. At the same time, division among business groups has affected foreign economic policies. This book is a provocative analysis of interest to scholars of international political economy, American foreign policy, comparative politics, and business-government relations.
Author: Brad C. Anderson
Publisher: Emerald Group Publishing
ISBN: 1838679413
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
This book presents an analysis of organizational wisdom via an embedded single case study of a group's attempt to develop and spread a medical innovation within a Canadian healthcare authority. By offering a unique insight into how values, rationality, and power interact in a real social setting, the book explores how they create positive change.
Author: Lynne Pepall
Publisher: John Wiley & Sons
ISBN: 1118250303
Category : Business & Economics
Languages : en
Pages : 741
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Book Description
Pepall's Industrial Organization: Contemporary Theory and Empirical Applications, 5th Edition offers an accessible text in which topics are organized in a manner that motivates and facilitates progression from one chapter to the next. It serves as a complete, but concise, introduction to modern industrial economics. The text uniquely uses the tools of game theory, information economics, contracting issues, and practical examples to examine multiple facets of industrial organization. The fifth edition is more broadly accessible, balancing the tension between making modern industrial analysis accessible while also presenting the formal abstract modeling that gives the analysis its power. The more overtly mathematical content is presented in the Contemporary Industrial Organization text (aimed at the top tier universities) while this Fifth Edition will less mathematical (aimed at a wider range of four-year colleges and state universities.
