The (Beneficial) Role of Informational Imperfections in Enhancing Organisational Performance

Friederike Wall ()
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Friederike Wall: University of Klagenfurt

A chapter in Progress in Artificial Economics, 2010, pp 115-126 from Springer

Abstract: Abstract The paper analyses the effects of imperfect information on organisational performance under the regime of alternative organisational settings. The analysis is based on an agent-based model which is an extended variant of the NK model. In the simulations, fitness measurements are distorted with imperfections according to information asymmetries that are related to differentiation and delegation of decision-making. The results indicate that the effects of informational imperfections on organisational performance subtly interfere with coordination mode, incentives and intra-organisational interactions. The results might throw some new light on imperfect information as in some organisational settings rather insignificant performance losses compared to perfectly informed decision-makers occur, and in some settings imperfect information turn out to be beneficial.

Keywords: Organisational Performance; Coordination Mode; Perfect Information; Imperfect Information; Performance Contribution (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-13947-5_10

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DOI: 10.1007/978-3-642-13947-5_10

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