Bounded Rationality in the Economics of Organization:

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dc.contributor.author	Foss, Nicolai J.
dc.date.accessioned	2009-08-20
dc.date.accessioned	2009-08-20T12:01:33Z
dc.date.available	2009-08-20T12:01:33Z
dc.date.issued	2009-08-20
dc.identifier.isbn	8778731127
dc.identifier.uri	http://hdl.handle.net/10398/7896
dc.description.abstract	The way in which bounded rationality enters contemporary organizational economics theorizing is examined. It is argued that, as it is being used, bounded rationality is neither necessary nor sufficient for producing the results of organizational economics. It is at best a rhetorical device, used for the purpose of loosely explaining incomplete contracts. However, it is possible to incorporate much richer notions of bounded rationality, founded on research in cognitive psychology, and to illuminate the study of economic organization by means of such notions. A number of examples are provided.	en_US
dc.format.extent	36 s.	en_US
dc.language	eng	en_US
dc.publisher	DRUID	en_US
dc.relation.ispartofseries	DRUID Working Paper;01-13
dc.title	Bounded Rationality in the Economics of Organization:	en_US
dc.type	wp	en_US
dc.accessionstatus	modt09aug20 liga	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Danish Research Unit for Industrial Dynamics	en_US
dc.contributor.departmentshort	DRUID	en_US
dc.contributor.departmentuk	Danish Research Unit for Industrial Dynamics	en_US
dc.contributor.departmentukshort	DRUID	en_US
dc.idnumber	8778731127	en_US
dc.publisher.city	Frederiksberg	en_US
dc.publisher.year	2001	en_US
dc.title.subtitle	Present Use and (Some)Future Possibilities	en_US