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dc.contributor.authorJones, L.R.
dc.contributor.authorThompson, Fred
dc.date.accessioned2016-02-24T19:46:24Z
dc.date.available2016-02-24T19:46:24Z
dc.date.issued2000
dc.identifier.citationL.R. Jones, F. Thompson, International Public Management Journal, v.3 ,(2000), pp. 205–227en_US
dc.identifier.urihttp://hdl.handle.net/10945/48017
dc.description.abstractInformation/transaction costs make it necessary to decentralize some decision rights in organizations and in the economy. Decentralization in turn requires organizations to solve the control problem that results when self-interested persons do not behave as perfect agents. Capitalist economies solve these control problems through the institution of alienable decision rights. But because organizations suppress the alienability of decision rights, they must devise substitute mechanisms that perform those functions. Three functions are critical: (1) allocating decision rights among agents in the organization, (2) measuring and evaluating performance, and (3) rewarding and punishing individuals for their performance. Responsibility budgeting and accounting systems are the most widespread mechanisms for performing these functions in business today.en_US
dc.format.extent23 p.en_US
dc.publisherElsevieren_US
dc.rightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.en_US
dc.titleResponsibility budgeting and accountingen_US
dc.typeArticleen_US
dc.contributor.corporateNaval Postgraduate School (U.S.)en_US
dc.contributor.departmentSystems Managementen_US


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