Dynamic Coordination Failures and the Efficiency of the Firm
January 1995
Article
pp 223-239.
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This paper examines the role of coordination devices such as work norms in creating and sustaining inefficient organizational practices in firms, in a dynamic environment. The role of signalling norms and product market competition in alleviating such inefficiencies is also examined. In particular, we show that Cournot competition may increase the inefficiency of organizational practices.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
Automatically Extracted Terms
- worker
- change
- period
- action
- work norm
- organization
- pay-off
- janssen / j
- inefficiency
- scheme
- model
- level
- competition
- combination
- outcome
- janssen
- goyal
- behavior
- analysis
- stage-game
