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Conference Paper
How organizations behave: towards implications for economics and economic policy
This essay begins with introductions to the two sides of organizational economics: the economics of internal organization (which focuses on the internal structure and functioning of organizations) and the economic theory of the firm (which focuses on organizations' boundaries and on relationships across these boundaries). Taken literally, these issues are only loosely related to the conference theme of "How Humans Behave," but the author does see a high-level parallel: both behavioral economics and organizational economics are investigating new approaches to modeling economic actors ...