Theoretical Economics Paper
Incentives, Scale Economies, and Organizational Form - (Now published in 'Economics of Transition' (2201)).
Eric Maskin, Yingyi Qian and Chenggang Xu
We model organization as the command-and-communication network of managers erected on top of technology (which is modelled as a collection of plants). In our framework, the role of a manager is to deal with shocks that a...Read more...