Economics, Organization, and Management

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Prentice-Hall, 1992 - Business & Economics - 621 pages
We have organized the text into seven parts. The first deals with the fundamental problems of economic organization, namely those of coordinating and motivating the members of an organization to work in ways that are coherent and advance the common interests of the organization's members. Part II is about coordination, both by the invisible hand of prices in markets and by the quite visible hands of managers. Part III introduces the problems of contracting, information, and incentives, and gives an informal treatment of their solutiins. Part IV provides a careful, formal treatment of some of the central methods providing incentives efficiently. Part V presents an economic treatment of the nature of the employment relationship, examining explicit and implicit employment contracts, compensation policies, and career paths. Part VI treat financial decisions, particularly in investments, capital structure, and corporate control. The last part of the book comprises two chapters about the design, internal structure, and dynamics of organizations, including an examination of the boundaries and scope of business firms.

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Contents

ECONOMIC ORGANIZATION AND EFFICIENCY
19
MARKETS AND MANAGEMENT
55
COORDINATING PLANS AND ACTION
88
Copyright

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