Employment Contracts, Influence Activities, and Efficient Organization Design Export

@article{citeulike:5371797, abstract = {When changing jobs is costly, efficient employment contracts usually fail to compensate workers for the effects of posthiring events and decisions. Then, when there are executives and managers with authority to make discretionary decisions, affected employees will be led to waste valuable time trying to influence their decisions. Efficient organization design counters this tendency by limiting the discretion of decisions makers, especially for those decisions that have large distributional consequences but that are otherwise of little consequence to the organization.}, author = {Milgrom, Paul R.}, citeulike-article-id = {5371797}, citeulike-linkout-0 = {http://dx.doi.org/10.2307/1830709}, citeulike-linkout-1 = {http://www.jstor.org/stable/1830709}, doi = {10.2307/1830709}, issn = {00223808}, journal = {The Journal of Political Economy}, keywords = {contract, organization}, number = {1}, pages = {42--60}, posted-at = {2009-10-12 13:41:38}, priority = {4}, publisher = {The University of Chicago Press}, title = {Employment Contracts, Influence Activities, and Efficient Organization Design}, url = {http://dx.doi.org/10.2307/1830709}, volume = {96}, year = {1988} }

TY - JOUR ID - citeulike:5371797 L3 - citeulike-article-id:5371797 N2 - When changing jobs is costly, efficient employment contracts usually fail to compensate workers for the effects of posthiring events and decisions. Then, when there are executives and managers with authority to make discretionary decisions, affected employees will be led to waste valuable time trying to influence their decisions. Efficient organization design counters this tendency by limiting the discretion of decisions makers, especially for those decisions that have large distributional consequences but that are otherwise of little consequence to the organization. IS - 1 JF - The Journal of Political Economy SN - 00223808 EP - 60 TI - Employment Contracts, Influence Activities, and Efficient Organization Design PB - The University of Chicago Press VL - 96 SP - 42 KW - contract KW - organization AU - Milgrom, Paul PY - 1988/// UR - http://dx.doi.org/10.2307/1830709 ER -