Let’s Give Opportunism the Proper Back Seat

    Academy of Management Review, pp. 739-741, 2016.

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    Abstract:

    Nicolai Foss and Libby Weber (2016) propose to augment the micro-foundations of transaction cost economics (TCE) through enriching the bounded rationality concept. They argue that psychological frames and biases, when linked to different hierarchical forms, may give rise to differential, costly conflicts. In their view, such conflicts are...More

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