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The Hierarchical Theory of the Firm

In: Employees and Entrepreneurship

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Abstract

Over the last few decades, there has been a great deal of management literature recommending the removal of firms’ hierarchies and the empowerment of employees. Ivan Pongracic, Jr. examines these themes through the lense of the economic theory of the firm. Balancing the tendency for management literature to overlook basic costs and trade-offs of decentralization, and the rigidity of economics that hinders an appreciation for the real world phenomenon of decentralization, this book arrives at a realistic middle ground between the two extremes. The dance between hierarchy and employee empowerment exists in even the most hierarchical firms, and this book explores this often overlooked dynamic.

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  • ., 2009. "The Hierarchical Theory of the Firm," Chapters, in: Employees and Entrepreneurship, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13075_2
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    Cited by:

    1. Gershkov, Alex & Li, Jianpei & Schweinzer, Paul, 2016. "How to share it out: The value of information in teams," Journal of Economic Theory, Elsevier, vol. 162(C), pages 261-304.
    2. Matthias Kräkel, 2017. "Authority and Incentives in Organizations," Scandinavian Journal of Economics, Wiley Blackwell, vol. 119(2), pages 295-311, April.
    3. Frannie A. Léautier, 2014. "Capacity Development for the Transformation of Africa," WIDER Working Paper Series wp-2014-058, World Institute for Development Economic Research (UNU-WIDER).
    4. Augenblick, Ned & Cunha, Jesse M. & Dal Bó, Ernesto & Rao, Justin M., 2016. "The economics of faith: using an apocalyptic prophecy to elicit religious beliefs in the field," Journal of Public Economics, Elsevier, vol. 141(C), pages 38-49.

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