| Popis: |
The study of market organization can be used for a comparison between organizing markets and organizing formal organizations. W use the empirical results for adding a systematic investigation of the similarities and differences between these activities. There are strong similarities in how organization takes place in practice—not least regarding the dynamics of organization, the ample supply of problems driving reorganization, and the unintended and uncertain effects of organization. We point to differences in such aspects as the number of organizers and their responsibility, who is organized—individuals or organizations—the extensiveness of organization, and the incentives for reorganization. While there are many similarities in the practice of organizing markets and organizations, most differences can be explained by differences in standard views, about how markets and organizations function. Theories of organization are useful for understanding both markets and formal organizations and the study of market organization is likely to be an important contribution to organization theory in general. |
