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Monk business: an example of the dynamics of organizations

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  • Corchón, Luis C.

Abstract

In this paper we present a dynamic model of an organization. It is shown that the quality of the members of the organization may cycle and that even if the organization promotes excellency, the organization may end up populated by mediocre agents only.

Suggested Citation

  • Corchón, Luis C., 2000. "Monk business: an example of the dynamics of organizations," UC3M Working papers. Economics 7275, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:7275
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    Cited by:

    1. Carmen Beviá & Luis Corchón & Antonio Romero-Medina, 2017. "Relinquishing power, exploitation and political unemployment in democratic organizations," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(3), pages 735-753, December.

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    Keywords

    Overlapping generations;

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