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Microeconomic Foundations of Decentralised Organisations

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  • Mauricio Jacobo Romero
  • Andr'e Freitas

Abstract

In this article, we analyse how decentralised digital infrastructures can provide a fundamental change in the structure and dynamics of organisations. The works of R.H.Coase and M. Olson, on the nature of the firm and the logic of collective action, respectively, are revisited under the light of these emerging new digital foundations. We also analyse how these technologies can affect the fundamental assumptions on the role of organisations (either private or public) as mechanisms for the coordination of labour. We propose that these technologies can fundamentally affect: (i) the distribution of rewards within an organisation and (ii) the structure of its transaction costs. These changes bring the potential for addressing some of the trade-offs between the private and public sectors.

Suggested Citation

  • Mauricio Jacobo Romero & Andr'e Freitas, 2022. "Microeconomic Foundations of Decentralised Organisations," Papers 2201.07666, arXiv.org, revised Oct 2022.
    • Handle: RePEc:arx:papers:2201.07666
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    References listed on IDEAS

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    4. Alex Pazaitis & Primavera De Filippi & Vasilis Kostakis, 2017. "Blockchain and Value Systems in the Sharing Economy: The Illustrative Case of Backfeed," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 73, TUT Ragnar Nurkse Department of Innovation and Governance.
    5. Marsh, Leslie & Onof, Christian, 2007. "Stigmergic epistemology, stigmergic cognition," MPRA Paper 10004, University Library of Munich, Germany.
    6. Alex Pazaitis & Primavera de Filippi & Vasilis Kostakis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Post-Print hal-01676881, HAL.
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