Abstract:
An important aspect of an organizational form is the extent to which it allows observation of payoff relevant environmental variables. For example, a firm operating in two locally separated markets can choose between appointing a central manager or two lacal managers. It is plausible that in the second case the state of demand in each market can be better observed. How should we expect organizational forms to change when environmental variables change?
Keywords:ENTERPRISES; MANAGEMENT (search for similar items in EconPapers) JEL-codes:L10L19 (search for similar items in EconPapers) Date: 1996
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