30 Jun Information Processing and Organizational Structure
"Information Processing and Organizational Structure" (with William E. Watkins), Journal of Economic Behavior and Organization 36 (1998)
Abstract
Standard economic theories of the firm (and other organizations) stress profit maximization as the foundation for derivation of predictable behavior. Yet statistical and case-study evidence continues to accumulate that real firms do not act as required by the neoclassical framework. Instead of being represented by ever more elaborate maximization models,...