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SPECIFIC AND GENERAL KNOWLEDGE, AND ORGANIZATIONAL STRUCTURE

SPECIFIC AND GENERAL KNOWLEDGE, AND ORGANIZATIONAL STRUCTURE Footnotes 1 . See, for example, Ronald H. Coase , “ The Problem of Social Cost ,” Journal of Law and Economics , 3 , ( 1960 ), pp. 1 – 44 ; and Armen Alchian and William Allen, Exchange and Production: Competition, Coordinations Control(Wadsworth, “Belmont , CA., 1983), p. 91. 2 . F.A. Hayek, “The Use of Knowledge in Society,” American Economic Review , No. 35 (September, 1945), pp. 1–18. 3 . This principle is also recognized in Milton Harris, C. H. Kriebel, and Artur Raviv, “Asymmetric Information, Incentives and Intrafirm Resource Allocation,” Management Science , No. 28, (June, 1982), pp. 604–620. 4 . Hayek (1945). 5 . A condition described as “bounded rationality” by J. March and Herbert Simon in their book, Organizations (New York: John Wiley and Sons, Inc., 1958). See also H. A. Simon, “A Behavioral Model of Rational Choice,” Quarterly Journal of Economics , No. 69 (1955), pp. 99–118; and H. A. Simon , “ Theories of Decision Making in Economics and Behavioral Science ,” American Economic Review , Vol. XLIX , No. 3 (, June 1959 ), pp. 253 – 283 . 6 . Like Hayek, economists have generally taken the costs http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

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Publisher
Wiley
Copyright
Copyright © 1995 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/j.1745-6622.1995.tb00283.x
Publisher site
See Article on Publisher Site

Abstract

Footnotes 1 . See, for example, Ronald H. Coase , “ The Problem of Social Cost ,” Journal of Law and Economics , 3 , ( 1960 ), pp. 1 – 44 ; and Armen Alchian and William Allen, Exchange and Production: Competition, Coordinations Control(Wadsworth, “Belmont , CA., 1983), p. 91. 2 . F.A. Hayek, “The Use of Knowledge in Society,” American Economic Review , No. 35 (September, 1945), pp. 1–18. 3 . This principle is also recognized in Milton Harris, C. H. Kriebel, and Artur Raviv, “Asymmetric Information, Incentives and Intrafirm Resource Allocation,” Management Science , No. 28, (June, 1982), pp. 604–620. 4 . Hayek (1945). 5 . A condition described as “bounded rationality” by J. March and Herbert Simon in their book, Organizations (New York: John Wiley and Sons, Inc., 1958). See also H. A. Simon, “A Behavioral Model of Rational Choice,” Quarterly Journal of Economics , No. 69 (1955), pp. 99–118; and H. A. Simon , “ Theories of Decision Making in Economics and Behavioral Science ,” American Economic Review , Vol. XLIX , No. 3 (, June 1959 ), pp. 253 – 283 . 6 . Like Hayek, economists have generally taken the costs

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Journal of Applied Corporate FinanceWiley

Published: Jun 1, 1995

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