| Part of a series on |
| Economics |
|---|
Organizational economics (also referred to as economics of organization) involves the use of economic logic and methods to understand the existence, nature, design, and performance of organizations, especially managed ones.
Organizational economics is primarily concerned with the obstacles to coordination of activities inside and between organizations (firms, alliances, institutions, and market as a whole).
Organizational economics is known for its contribution to and its use of:
- Transaction cost theory: costs incurred to organize an activity, especially regarding research of information, bureaucracy, communication etc.
- Agency theory: dilemmas connected to making decisions on behalf of, or that impact, another person or entity.
- Contract theory: ways economic actors use to construct contractual arrangements, generally in the presence of asymmetric information.
Notable theorists and contributors in the field of organizational economics:[1][2][3]
References[edit]
- ^ "Nobel d'économie : « la reconnaissance d'un nouveau champ disciplinaire »". Le Monde.fr. 19 October 2016.
- ^ Robert Gibbons and John Roberts, eds. The handbook of Organizational Economics. Princeton University Press, 2013.
- ^ "Nobel Prize in Economics Awarded for Work on Business Contracts".
Well, that’s interesting to know that Psilotum nudum are known as whisk ferns. Psilotum nudum is the commoner species of the two. While the P. flaccidum is a rare species and is found in the tropical islands. Both the species are usually epiphytic in habit and grow upon tree ferns. These species may also be terrestrial and grow in humus or in the crevices of the rocks.
View the detailed Guide of Psilotum nudum: Detailed Study Of Psilotum Nudum (Whisk Fern), Classification, Anatomy, Reproduction