haku: @indexterm public sector / yhteensä: 749
viite: 454 / 749
| Tekijä: | Milgrom, P. Roberts, J. |
| Otsikko: | The efficiency of equity in organizational decision processes |
| Lehti: | American Economic Review
1990 : MAY, VOL. 80:2, p. 154-159 |
| Asiasana: | ORGANIZATIONAL DECISION MAKING PUBLIC SECTOR RENTS INFORMATION OPTIMIZATION |
| Kieli: | eng |
| Tiivistelmä: | It is widely accepted that rent-seeking or directly unproductive profit seeking may cause inefficiencies in the context of public sector decisions. An analysis is presented of the problem why rents and quasi rents arise in organizations, and of the forms that the rent seeking they engender may take. Some measures to insulate the decision process from rent seeking may degrade the quality of decisions, especially by blocking the flow of valuable information. Optimal decision processes balance the costs of rent seeking against the value of information obtained. According to the theory, it is desirable to employ different sorts of processes for decisions with large or small redistributive consequences. |
SCIMA