Foundations of management and organizations - Markets and organizations
4 important questions on Foundations of management and organizations - Markets and organizations
What happened if there's optimal allocation of stock (in stockmarket)
Coase Original Distinction
Markets and organizations are two ideal types of coordination for exchange transactions
3 problems associated with price system/markets
1. cost (if only time) finding out what relevant prices are
2. costs to make a basis for market transaction (labour)
3. conditions that make hardly possible or costly to make contract
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Coordinating mechanism for organizations
Authority
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