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actions activities adverse selection affect agency problems agency theory agency-managerial problems agents allocation of control asymmetric information bounded rationality Cambridge centrally planned economies control rights coordination copy room corporations cost decision differences economic development economists Egon employee-owned firms employees example extent GOFs government-owned firms Hansmann hierarchy and association Hoomissen incentive schemes incomplete information individual behavior induce inputs interests John Michael legal system managerial market economies Milgrom monitoring Montias moral hazard nature nonprofit organizations number of tiers objectives optimal organization's controllers organization's culture organization's payoff organization's structure organizational culture organizational practices organizational structure output owners ownership rights performance political polyarchy principals producer cooperatives production profits proprietary firms Radner rationality and self-interest reduce relationship remuneration sets of factors share shareholders shirk social span of control strategic behavior structure of organizations subordinates superiors supervision system rules target technical-administrative type of organization University Press user-oriented firms Williamson workers