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Information, Incentives, and Organizational Mode

โœ Scribed by Michael H. Riordan and David E. M. Sappington

Book ID
124315703
Publisher
MIT Press
Year
1987
Tongue
English
Weight
364 KB
Volume
102
Category
Article
ISSN
0033-5533

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We model an organization as a hierarchy of managers erected on top of a technology (here consisting of a collection of plants). In our framework, the role of a manager is to take steps to reduce the adverse consequences of shocks that affect the plants beneath him. We argue that different organizati