Description
Advanced Introduction to the Economics of Organization provides a comprehensive exploration of how economic principles shape organizational design and function. Richard N. Langlois synthesizes classical and contemporary theories to explain why firms exist, how they structure themselves, and what determines their boundaries and capabilities.
The book covers essential topics including transaction costs, property rights, coordination mechanisms, and evolutionary perspectives on organizational change. Rather than treating organizations as black boxes, Langlois demonstrates how economic analysis illuminates internal decision-making processes, incentive structures, and the relationship between organizations and markets.
Designed for advanced students and scholars, this introduction bridges microeconomics, institutional economics, and business strategy. It provides both theoretical frameworks and practical insights into understanding modern organizations in competitive environments.
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