Symposium on Organizations and Economics

Symposium on Organizations and Economics

Most production in modern economies occurs within organizations, and this production is regulated only to a limited extent by prices. The size of some of the largest organizations, like General Motors or IBM or AT&T, exceeds that of many national economies. Moreover, many of the organizations which play an important role in resource allocation, including governmental organizations, are not prof...

Organizations and Economics

Judge Posner (2010) identifies organizational economics with the principal-agent problem and offers no definition of the crucial term organization, which leads him to force the principal-agent template on social formations that are not organizations and to neglect aspects of their operation that might be illuminated by alternative conceptions of organizational economics. This response offers an...

Introduction to Symposium on Sports Economics

Fuzzy Systems Perspectives on Cognition, Economics and Machines in Organizations

This paper unifies theories of fuzzy systems, cognition, economic man and organization behavior in order to introduce cognitive machines. It contributes by outlining the impact of fuzzy theory on these fields which have been subject of Nobel Prize in Economics. This research advocates and explains that Fuzzy Theory involves the necessary mathematical and logical foundations which materialize th...

Accountable Care Organizations and Transaction Cost Economics.

Using a Transaction Cost Economics (TCE) approach, this paper explores which organizational forms Accountable Care Organizations (ACOs) may take. A critical question about form is the amount of vertical integration that an ACO may have, a topic central to TCE. We posit that contextual factors outside and inside an ACO will produce variable transaction costs (the non-production costs of care) su...