Modeling coordination in organizations and markets

Article Abstract:

Four information processing and coordination models for organizations and markets are defined and analyzed: product hierarchies, functional hierarchies, centralized markets, and decentralized markets. The utilization of one of these models involves tradeoffs in production costs, coordination costs, and vulnerability costs. Special qualities of the models are that they are formal and mathematical, link micro- and macro-hypotheses, integrate organizational and market models, and include vulnerability costs along with production and coordination costs. Implications of these studies could be used to understand changes in the structure of US business in the last century, predict the consequences of widespread use of information technology, and optimize computer processing networks.

Management, Organization

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Final-offer arbitration under incomplete information

Article Abstract:

Final-offer arbitration (FOA) is increasing in popularity as means of settling labor disputes both in the public and in the private sector because it offers several advantages over conventional arbitration (CA). Unlike CA, FOA considers the preferences of the negotiating parties and discourages the disputants from taking extreme positions. A model of FOA under incomplete information, i.e. when each of the negotiating party has private information that has bearing on the true value of the case, is discussed.

Analysis, Negotiation, Negotiations, Labor arbitration

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Binding versus final-offer arbitration: a combination is best

Article Abstract:

A mathematical model is given for the settlement of two-party labor disputes by arbitration which combines final-offer arbitration with binding arbitration. In this combined arbitration method, final-offer arbitration is used if the final offers converge or if the arbitrator's idea of a fair settlement falls between the two final offers; in other cases, binding arbitration is used.

Methods, Models, Collective bargaining, Commercial arbitration agreements

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