Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20494
Authors: 
Schlicht, Ekkehart
Year of Publication: 
2003
Series/Report no.: 
IZA Discussion paper series 718
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.
Subjects: 
theory of the firm
command
routines
centralization paradox
Williamson's puzzle
attenuation of incentives
JEL: 
J53
J33
L25
L22
Document Type: 
Working Paper

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