Download or read book Power in Profit maximizing Organizations written by Julio Rotemberg and published by . This book was released on 1993 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Power in Pro t Maximizing Organizations Classic Reprint written by Julio J. Rotemberg and published by Forgotten Books. This book was released on 2018-02-10 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Power in Profit Maximizing Organizations Organizations provide their members with a great variety of non-pecuniary sources of utility. The problem is that, unless the organization makes a superhuman effort at homogeneity, preferences differ across members. So, decisions that give a great deal of utility to some members often give less utility to others. While all members might agree that it would be nice to expand a building or install new carpets, preferences over the details differ. Even when it comes to decisions that affect the long term success of the organizations, such as personnel decisions, people differ in the kind of person they would like to be surrounded with. Employees are thus willing to pay to affect the firm's decisions. This implies that, when profit maximizing firms take decisions they should take into account the reductions in employee compensation that are possible as a result of these decisions. In particular, confronted with a choice of two decisions which produce the same revenues, a profit maximizing firm ought to choose that decision which allows it to reduces employee compensation the most. These considerations suggest that firms would benefit from schemes that ask employees for contributions and which pick that decision for which employees are willing to contribute the most. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Formal Authority Versus Power in Profit Maximizing Organizations Classic Reprint written by Julio J. Rotemberg and published by . This book was released on 2015-08-05 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Formal Authority Versus Power in Profit Maximizing Organizations I consider a setup in which the firm generally wishes to follow the wishes of individuals (or groups) with large amounts of specific human capital even if their willingness to pay for decisions is less than that of others. Thus, these individuals have power over decisions. In a situation where costly communication prevents the owner of the firm from knowing the valuations employees attach to all decisions, the owner will give formal authority to one individual (or group). I show that, as long as individuals have the possibility of protesting against decisions they do not like, it may be profit maximizing to give this formal authority to someone other than the powerful individual. The reason is that the threat of formal protests by powerful individuals is more effective as a check on the discretion of the person endowed with formal authority. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book Formal Authority Versus Power in Profit Maximizing Organizations written by Julio Rotemberg and published by Palala Press. This book was released on 2018-03-04 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Download or read book For Profit Enterprise in Health Care written by Institute of Medicine and published by National Academies Press. This book was released on 1986-01-01 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: "[This book is] the most authoritative assessment of the advantages and disadvantages of recent trends toward the commercialization of health care," says Robert Pear of The New York Times. This major study by the Institute of Medicine examines virtually all aspects of for-profit health care in the United States, including the quality and availability of health care, the cost of medical care, access to financial capital, implications for education and research, and the fiduciary role of the physician. In addition to the report, the book contains 15 papers by experts in the field of for-profit health care covering a broad range of topicsâ€"from trends in the growth of major investor-owned hospital companies to the ethical issues in for-profit health care. "The report makes a lasting contribution to the health policy literature." â€"Journal of Health Politics, Policy and Law.
Download or read book The Profit Paradox written by Jan Eeckhout and published by Princeton University Press. This book was released on 2022-10-25 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pioneering account of the surging global tide of market power—and how it stifles workers around the world In an era of technological progress and easy communication, it might seem reasonable to assume that the world’s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power—the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil. The Profit Paradox describes how, over the past forty years, a handful of companies have reaped most of the rewards of technological advancements—acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer startups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility. A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.
Download or read book Autonomous Policy Making By International Organisations written by Bob Reinalda and published by Routledge. This book was released on 2003-12-16 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assesses the importance of international organisations in global governance during the last ten years. The prestigious team of international contributors seek to determine the ways in which IO's contribute to the solution of global problems by influencing international decision-making in ways that go beyond the lowest common denominator of national interests.
Download or read book The Handbook of Organizational Economics written by Robert S. Gibbons and published by Princeton University Press. This book was released on 2013 with total page 1248 pages. Available in PDF, EPUB and Kindle. Book excerpt: (E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.
Download or read book The New Palgrave Dictionary of Economics written by and published by Springer. This book was released on 2016-05-18 with total page 7493 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Download or read book Power And Profits written by Ronald Cox and published by University Press of Kentucky. This book was released on 2014-10-17 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cold war between the United States and the Soviet Union provided the context for U.S. policies toward Central America from the 1950s to the 1980s. Nonetheless, attitudes developed during the Cold War cannot explain the specific content of U.S. foreign policies toward the region. Ronald W. Cox argues that U.S. business interests have worked with policymakers to develop trade, aid and investment policies toward Central America. He reveals how the relationship between business groups and the state has been shaped by business competition, national security considerations, institutional structures, and instability in the Central American countries. Many see the state as autonomous and not influenced by business, but Cox argues that business groups have been able to take advantage of specific international circumstances to promote economic policies, thus increasing foreign investment. At the same time, division among business groups has affected foreign economic policies. This book is a provocative analysis of interest to scholars of international political economy, American foreign policy, comparative politics, and business-government relations.
Download or read book Values Rationality and Power Developing Organizational Wisdom written by Brad C. Anderson and published by Emerald Group Publishing. This book was released on 2019-10-21 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an analysis of organizational wisdom via an embedded single case study of a group's attempt to develop and spread a medical innovation within a Canadian healthcare authority. By offering a unique insight into how values, rationality, and power interact in a real social setting, the book explores how they create positive change.
Download or read book New Perspectives on Industrial Organization written by Victor J. Tremblay and published by Springer Science & Business Media. This book was released on 2012-07-20 with total page 820 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the main topics that students need to learn in a course on Industrial Organization. It reviews the classic models and important empirical evidence related to the field. However, it will differ from prior textbooks in two ways. First, this book incorporates contributions from behavioral economics and neuroeconomics, providing the reader with a richer understanding of consumer preferences and the motivation for many of the business practices we see today. The book discusses how firms exploit consumers who are prone to making mistakes and who suffer from cognitive dissonance, attention lapses, and bounded rationality, for example and will help explain why firms invest in persuasive advertising, offer 30-day free trials, offer money-back guarantees, and engage in other observed phenomena that cannot be explained by the traditional approaches to industrial organization. A second difference is that this book achieves a balance between textbooks that emphasize formal modeling and those that emphasize the history of the field, empirical evidence, case studies, and policy analysis. This text puts more emphasis on the micro-foundations (i.e., consumer and producer theory), classic game theoretic models, and recent contributions from behavioral economics that are pertinent to industrial organization. Each topic will begin with a discussion of relevant theory and models and will also include a discussion of concrete examples, empirical evidence, and evidence from case studies. This will provide students with a deeper understanding of firm and consumer behavior, of the factors that influence market structure and economic performance, and of policy issues involving imperfectly competitive markets. The book is intended to be a textbook for graduate students, MBAs and upper-level undergraduates and will use examples, graphical analysis, algebra, and simple calculus to explain important ideas and theories in industrial organization.
Download or read book Industrial Organization written by Lynne Pepall and published by John Wiley & Sons. This book was released on 2014-01-28 with total page 741 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pepall's Industrial Organization: Contemporary Theory and Empirical Applications, 5th Edition offers an accessible text in which topics are organized in a manner that motivates and facilitates progression from one chapter to the next. It serves as a complete, but concise, introduction to modern industrial economics. The text uniquely uses the tools of game theory, information economics, contracting issues, and practical examples to examine multiple facets of industrial organization. The fifth edition is more broadly accessible, balancing the tension between making modern industrial analysis accessible while also presenting the formal abstract modeling that gives the analysis its power. The more overtly mathematical content is presented in the Contemporary Industrial Organization text (aimed at the top tier universities) while this Fifth Edition will less mathematical (aimed at a wider range of four-year colleges and state universities.
Download or read book Power in Organizations written by Jeffrey Pfeffer and published by Marshfield, Mass. : Pitman Pub.. This book was released on 1981 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the role of power in decision making; Assessing power in organizations; Conditions for the use of power; Sources of power in organizations; Political strategies and tactics; Political language and symbols: mobilizing suppert and quieting opposition; Power in use; Perpetuating power; Power, politics and management.
Download or read book Logistik als Erfolgspotenzial The power of logistics written by Martin Göbl and published by Springer-Verlag. This book was released on 2019-03-29 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Logistik hat eine herausragende Bedeutung für den Unternehmenserfolg erlangt. Bisher hat sich jedoch noch kein eindeutiges Verfahren etabliert, das den Wertbeitrag logistischer Entscheidungen und Veränderungen deutlich macht. Das Buch soll diese Lücke schließen. Dazu werden alle wertschöpfenden Einflussbereiche beschrieben und ein logistischer Businessplan entwickelt, der eine strukturierte Vorgehensweise zur Verbesserung der Performance eines Logistiksystems darstellt. Einige anschauliche Fallbeispiele geben zusätzliche Anregungen zur Übertragung auf die jeweilige Unternehmenssituation. Mit der zweisprachigen Darstellung (Deutsch-Englisch) kann dieses Buch in weltweit tätigen Unternehmen und als Lehrmaterial für international ausgerichtete Studiengänge eingesetzt werden. Logistics has become instrumental in determining corporate profitability. However, as yet there exists no clear method that can be drawn on to illustrate the value contribution of logistics decisions and changes for business entities. This book is intended to fill that gap. It describes all value-creating spheres of influence and draws up a logistics business plan that provides a structured plan of action for improving the performance of a logistics system. Some concrete case studies provide additional suggestions for transferring the findings to the respective company situation. The dual-language format (German-English) is intended to make the book accessible to people working in globally operating companies or those pursuing internationally-oriented courses of study.
Download or read book Values and Ethics of Industrial Organizational Psychology written by Joel Lefkowitz and published by Taylor & Francis. This book was released on 2023-03-07 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: This foundational text was one of the first books to integrate work from moral philosophy, developmental/moral psychology, applied psychology, political and social economy, and political science, as well as business scholarship. Twenty years on, this third edition utilizes ideas from the first two to provide readers with a practical model for ethical decision making and includes examples from I-O research and practice, as well as current business events. The book incorporates diverse perspectives into a "framework for taking moral action" based on learning points from each chapter. Examples and references have been updated throughout, and sections on moral psychology, economic justice, the "replicability crisis," and open science have been expanded and the "radical behavioral challenge" to ethical decision-making is critiqued. In fifteen clearly structured and theory-based chapters, the author also presents a variety of ethical incidents reported by practicing I-O psychologists. This is the ideal resource for Ethics and I-O courses at the graduate and doctoral level. Academics in Organizational Behavior and Human Resource Management will also benefit from this book, as well as anyone interested in Ethics in Psychology and Business.
Download or read book Power System Operations and Electricity Markets written by Fred I. Denny and published by CRC Press. This book was released on 2017-12-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric power industry in the U.S. has undergone dramatic changes in recent years. Tight regulations enacted in the 1970's and then de-regulation in the 90's have transformed it from a technology-driven industry into one driven by public policy requirements and the open-access market. Now, just as the utility companies must change to ensure their survival, engineers and other professionals in the industry must acquire new skills, adopt new attitudes, and accommodate other disciplines. Power System Operations and Electricity Markets provides the information engineers need to understand and meet the challenges of the new competitive environment. Integrating the business and technical aspects of the restructured power industry, it explains, clearly and succinctly, how new methods for power systems operations and energy marketing relate to public policy, regulation, economics, and engineering science. The authors examine the technologies and techniques currently in use and lay the groundwork for the coming era of unbundling, open access, power marketing, self-generation, and regional transmission operations. The rapid, massive changes in the electric power industry and in the economy have rendered most books on the subject obsolete. Based on the authors' years of front-line experience in the industry and in regulatory organizations, Power System Operations and Electricity Markets is current, insightful, and complete with Web links that will help readers stay up to date.
