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The Multicontract Organization

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  • Jean Tirole

Abstract

This paper starts by discussing some nonstandard issues in organization theory: bou nded rationality; incomplete contracting; and collusive behavior, on which the rest of the paper focuses. It then contrasts the comprehens ive contracting and game theoretic approaches to collusion, and it li sts tentative conclusions and some unresolved issues.

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Bibliographic Info

Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 21 (1988)
Issue (Month): 3 (August)
Pages: 459-66

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Handle: RePEc:cje:issued:v:21:y:1988:i:3:p:459-66

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Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
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Citations

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Cited by:
  1. Robert Dur & Hein Roelfsema, 2007. "Social Exchange and Common Agency in Organizations," CESifo Working Paper Series 2030, CESifo Group Munich.
  2. Batabyal, Amitrajeet A., 1998. "Developing countries and international environmental agreements: The case of perfect correlation," International Review of Economics & Finance, Elsevier, vol. 7(1), pages 85-102.
  3. Zou, L., 1989. "Ownership structure and efficiency: An incentive mechanism approach," Discussion Paper 1989-55, Tilburg University, Center for Economic Research.
  4. Batabyal, Amitrajeet A., 1996. "Developing Countries And Environmental Protection: The Effect Of Budget Balance And Pollution Ceiling Constraints," Economics Research Institute, ERI Study Papers 28347, Utah State University, Economics Department.
  5. Batabyal, Amitrajeet A., 1998. "On the irrelevance of collusion in perfectly correlated environments," International Review of Economics & Finance, Elsevier, vol. 7(4), pages 393-405.
  6. Michael Dietrich, 2002. "The Contested Sovereignty of the Firm," Review of Political Economy, Taylor & Francis Journals, vol. 14(2), pages 193-209.
  7. Yohanes Eko Riyanto, 2000. "Delegation of Authority, Managerial Initiatives, and the Design of Divisional Structure," Econometric Society World Congress 2000 Contributed Papers 1061, Econometric Society.
  8. Chaserant, Camille, 2007. "Les fondements incomplets de l’incomplétude : Une revue critique de la théorie des contrats incomplets," L'Actualité Economique, Société Canadienne de Science Economique, vol. 83(2), pages 227-253, juin.
  9. Breton, Albert, 1995. "Organizational hierarchies and bureaucracies: An integrative essay," European Journal of Political Economy, Elsevier, vol. 11(3), pages 411-440, September.
  10. Amitrajeet Batabyal, 1999. "Developing Countries and Environmental Protection: Contract Design in Perfectly Correlated Environments," Open Economies Review, Springer, vol. 10(3), pages 305-323, July.

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