Consistency in Organization

24 Pages Posted: 13 Mar 2003

See all articles by Ekkehart Schlicht

Ekkehart Schlicht

University of Munich - Department of Economics; IZA Institute of Labor Economics

Date Written: February 2003

Abstract

Recent thinking has emphasized the importance of consistency in a firm's compensation policy. By starting from Williamson's ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of organizational issues. It sheds new light on some Williamsonian themes, like the boundaries of the firm or the attenuation of incentives within firms.

Keywords: Theory of the Firm, Command, Routines, Centralization Paradox, Williamson's Puzzle, Attenuation of Incentives

JEL Classification: L22, L25, J33, J53

Suggested Citation

Schlicht, Ekkehart, Consistency in Organization (February 2003). IZA Discussion Paper No. 718. Available at SSRN: https://ssrn.com/abstract=385180

Ekkehart Schlicht (Contact Author)

University of Munich - Department of Economics ( email )

Ludwigstrasse 28
Munich, D-80539
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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