Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/51834
Authors: 
Schlicht, Ekkehart
Year of Publication: 
2011
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5644
Abstract: 
Internal organization relies heavily on psychological consistency requirements. This thought has been emphasized in modern compensation theory, but has not been extended to organization theory. The perspective sheds new light on several topics in the theory of the firm, like the boundaries of the firm, the importance of fairness concerns within firms, the attenuation of incentives, or the role of routines and incentives. It implies a perceptional theory of the firm that is realistic in the sense advocated by Ronald Coase (1937).
Subjects: 
theory of the firm
hierarchy
evolutionary theory of the firm
perceptional theory of the firm
consistency
small numbers
centralization paradox
Williamson's puzzle
compensation
boundaries of the firm
fairness
idiosyncratic exchange
entitlements
obligations
routines
framing
Simon
employment relationship
fairness
ownership effect
skunkworks
disruptive technologies
Tayloristic organization
holistic organization
JEL: 
B52
D02
L2
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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