Always Learning

Economics, Organization and Management
Paul Milgrom, Stanford University
John Roberts, Stanford University

ISBN-10: 0132246503
ISBN-13:  9780132246507

Publisher:  Prentice Hall
Copyright:  1992
Format:  Paper; 600 pp
Published:  02/01/1992
Status: Instock


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Description

A systematic treatment of the economics of the modern firm, this book draws on the insights of a variety of areas in modern economics and other disciplines, but presents a coherent, consistent, innovative treatment of the central problems in organizations of motivating people and coordinating their activities.


Features

  • introduces the fundamental problems organizations encounter and explains why they occur.
  • discusses a number of patterns of response — showing why organizations are structured as they are, why they adopt the policies they do, and how they solve organizational problems themselves.


Table of Contents

I. THE CONCEPTUAL FRAMEWORK.

 1. Does Organization Matter?

 2. Economic Organization and Efficiency.

II. THEORIES OF COORDINATION AND MOTIVATION.

 3. Using Prices for Coordination and Motivation.

 4. Coordinating Plans and Actions.

 5. Incentives and Motivation.

 6. Moral Hazard.

 7. Risk Sharing and Incentive Contracts.

 8. Rents and Efficiency.

III. COORDINATION, MOTIVATION, AND MANAGEMENT.

 9. Ownership and Property Rights.

10. Employment Policy and Human-Resource Management.

11. Internal Labor Markets, Job Assignments, and Promotions.

12. Compensation and Motivation.

13. Executive and Managerial Compensation.

IV. DESIGNING AND CHOOSING ORGANIZATIONAL FORMS.

14. The Classical Theory of Investments and Finance.

15. Financial Structure, Ownership, and Corporate Control.

16. The Boundaries and Structure of the Firm.

Glossary.

Author and Subject Indexes.



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