Consistency in Organization

Ekkehart Schlicht

No 718, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Recent thinking has emphasized the importance of consistency in a firm’s compensation policy. By starting from Williamson’s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of organizational issues. It sheds new light on some Williamsonian themes, like the boundaries of the firm or the attenuation of incentives within firms.

Keywords: attenuation of incentives; Williamson's puzzle; theory of the firm; command; routines; centralization paradox (search for similar items in EconPapers)
JEL-codes: J33 J53 L22 L25 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2003-02
New Economics Papers: this item is included in nep-cbe
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Citations: View citations in EconPapers (1)

Published - final version published in: Journal of Theoretical and Institutional Economics, 2008, 164(4), 612–623

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Journal Article: Consistency in Organization (2008)
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