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| Author: | DeCanio, S. J. Watkins, W. E. |
| Title: | Information processing and organizational structure |
| Journal: | Journal of Economic Behavior and Organization
1998 : AUG, VOL. 36:3, p. 275-294 |
| Index terms: | ORGANIZATIONAL BEHAVIOUR COMPANIES THEORIES OPTIMIZATION TECHNOLOGY DIFFUSION |
| Language: | eng |
| Abstract: | Standard economic theories of the firm - and other organizations - stress profit maximization as the foundation for derivation of predictable behaviour. Statistical and case-study evidence, however, continues to accumulate that real firms do not act as required by the neoclassical framework. Instead of being represented by ever more elaborate maximization models, the firm can be modeled simply as a network of information-processing agents. The actions of the firm are then a function only of the network structure and the information-processing capabilities of the agents. This approach can be used to explain a number of features of organizational behavior, including the process of technological diffusion. It also suggests that derivation of the optimal organizational structure may be computationally complex, with a number of implications for economic theory and policy development. |
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