Power and the economics of organizations

Jaime Ortega

DEE - Working Papers. Business Economics. WB from Universidad Carlos III de Madrid. Departamento de Economía de la Empresa

Abstract: I discuss the main theories on the role of power in organizations, emphasizing two questions: how should power be divided among employees? and: what mechanisms should the organization choose to ensure that those with power use it efficiently?

Keywords: Authority; Hierarchy; Incomplete; contracts; Organizations; Power; Principal-agent (search for similar items in EconPapers)
Date: 1998-12
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Persistent link: https://EconPapers.repec.org/RePEc:cte:wbrepe:6526

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