Matts_Presentation1

Matts_Presentation1 - Econ 508 Presentation Federalism and...

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Econ 508 Presentation Federalism and the M-form Hypothesis How the Study of Comparative Economic Systems Relates to the Corporate Sector by Matt Holian 2/28/06
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“A central theoretical question is how organization makes a difference to economic performance.” -- Maskin, Qian and Xu “Organizing an economy in order to best get information is just as relevant in centrally planned economies as it is in private firms.” -- Belton Fleisher (from F. Hayek) I will discuss some of the similarities between firms and economies from an organizational perspective. Organizational problems are pervasive and they all share some common features. Motivation
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Outline I. Taxonomy of corporate structures (U-form, M-form and H-form) I. The M-form Hypothesis I. What is behind the M-form Hypothesis? Part I - motivating employees I. Example: USSR and China I. What is behind the M-form Hypothesis? Part II – optimal decentralization I. Example: The U.S. Federal System I. Conclusion
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I. Taxonomy of corporate structures (M-form, H-form and U-form) U-form – “one organization,” made up of a collection of different functions, no one of which can conduct business separately. H-form – a collection of many different
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Matts_Presentation1 - Econ 508 Presentation Federalism and...

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