I’ve often wished to see some pubic choice type research into the internal working of large corporations. All too often it is assumed that the external competition will result in the internal efficiencies that are typically assumed in most economic theory. The problem, I think, is that large corporations are such joint production settings that marginal unit of analysis is something much larger than individual pay, job class pay.
Internally I suspect the really economic decisions are more like the political economic decisions about distribution and not as much about marginal allocation and marginal pricing.
I wonder if such an approach might not shed some additional light on this type of interaction regarding the role of competition and any effect on maze behaviors.
I’ve often wished to see some pubic choice type research into the internal working of large corporations. All too often it is assumed that the external competition will result in the internal efficiencies that are typically assumed in most economic theory. The problem, I think, is that large corporations are such joint production settings that marginal unit of analysis is something much larger than individual pay, job class pay.
Internally I suspect the really economic decisions are more like the political economic decisions about distribution and not as much about marginal allocation and marginal pricing.
I wonder if such an approach might not shed some additional light on this type of interaction regarding the role of competition and any effect on maze behaviors.