参考教程介绍lecture transaction cost theory of ebd.pdf

Lecture3-TransactionCostTheoryoftheFirm（费用理论）

Q:Evaluateadvantagesanddisadvantagesofdifferentorganisationalhierarchy

configurations.

Goodanswerstothisquestionanalysedsinglefirm(consistencyofgoals;avoid

opportunisticbehaviour),peergroups(economiesofscale(e.g.sharingequipment);share

risk;createasocialatmosphere),simplehierarchies(withrespecttothepeer-groupitsaves

oncommunicationcostsanditavoidsdistortionofinformationasthesizeincreases;effective

communicationwhiletheeffectivemonitoring),U-formhierarchy(goodresponsetobounded

rationalityformedium-sizedfirms;itpermitsmanagerialspecialisation;butcancreate

cumulativecontrollossandneglectstrategicissues),M-formhierarchy(Economieson

boundedrationalityandopportunism;butcoordinationisdifficultifproductsdiffergreatly;

primarilyproductionfocused),Matrixformorganisation(strongfocusoncustomers;fosters

motivationamonggoodstaff;butlinesofresponsibilityblurred;requirecellentgeneral

manager).

8.1KeyAssumptionsofTransactionCostEconomics

boundedrationality(有限理性)

boundedrationality:thecapacityofhumanbeingstoformulateandsolvecomplex

problemsislimited

shedoeswanttomakefullyrationaldecisions,buthercapacitytoevaluatefullythe

consequencesofallpossibledecisionslimited(e.g.playingcheese)bounded

rationalityreferstohumanbehaviorthatis“intendedlyrational,butonlylimintedly

so”

boundedrationalitywillposeaproblemonlyinenvironmentsthatarecharacterized

byuncertaintyandcomplexity(e.g.inthegameofBridge)

e.g.whengovernmentwantstobuyanewweaponsystemunc