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| Author: | Goyal, S. Janssen, M. |
| Title: | Dynamic coordination failures and the efficiency of the firm |
| Journal: | Journal of Economic Behavior and Organization
1995 : OCT, VOL. 28:2, p. 223-240 |
| Index terms: | GAMES SIGNALING PAY INCENTIVES |
| Language: | eng |
| Abstract: | 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, the authors show that Cournot competition may increase the inefficiency of organizational practices. In many organizations activities of different employees have to be geared to one another. |
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