The Economics, Organization and Management » (1st Edition)

A systematic treatment of theeconomics of the modern firm, this book draws onthe insights of a variety of areas in moderneconomics and other disciplines, but presents acoherent, consistent, innovative treatment of thecentral problems in organizations of motivatingpeople and coordinating their activities. KEYTOPICS: Introduces the fundamental problemsorganizations encounter and explains why theyoccur. Discusses a number of patterns of response— showing why organizations are structured asthey are, why they adopt the policies they do, andhow they solve organizational problems themselves.

I. THE CONCEPTUAL FRAMEWORK.

1. Does Organization Matter?

2. Economic Organization and Efficiency.

II. THEORIES OF COORDINATION AND MOTIVATION.

3. Using Prices for Coordination and Motivation.

4. Coordinating Plans and Actions.

5. Incentives and Motivation.

6. Moral Hazard.

7. Risk Sharing and Incentive Contracts.

8. Rents and Efficiency.

III. COORDINATION, MOTIVATION, AND MANAGEMENT.

9. Ownership and Property Rights.

10. Employment Policy and Human-Resource Management.

11. Internal Labor Markets, Job Assignments, and Promotions.

12. Compensation and Motivation.

13. Executive and Managerial Compensation.

IV. DESIGNING AND CHOOSING ORGANIZATIONAL FORMS.

14. The Classical Theory of Investments and Finance.

15. Financial Structure, Ownership, and Corporate Control.

16. The Boundaries and Structure of the Firm.

Glossary.

Author and Subject Indexes.