Firms, Incomplete Contracts and Organizational Learning

This explorative report proposes that the main problem of economic organization is adaptation to unforeseen contingencies. Nevertheless, flexibility is a fairly ignored issue in the theory of economic organization. This contrasts with much organization theory, where the seeking and processing of information about the organization’s key uncertainties is viewed as a determinant of organizational form. …

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Knowledge Management What Can Organizational Economics Contribute?

Knowledge management has emerged as one of the most influential¬†organization practice. Surprisingly, however, organizational economics (i.e., transaction cost economics, agency theory, team theory and property rights theory) has played no role in the development of knowledge management. This paper argues that organizational economics insights can further the theory and practice of knowledge management in several …

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