Putting Opportunism in the Back Seat: Bounded Rationality, Costly Conflict and Hierarchical Forms

Nicolai Foss; Libby  Weber

Putting Opportunism in the Back Seat: Bounded Rationality, Costly Conflict and Hierarchical Forms

University of California, Irvine

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

TCE and its applications in management research put more emphasis on opportunism than on bounded rationality. By augmenting the bounded rationality assumption to include interpretive limitations, we show that there are sources of costly conflict that are not rooted in opportunism. Moreover, we show that bounded rationality may drive opportunism. All hierarchal forms are inherently subject to specific bounded-rationality-based conflicts, thus have different capacities to mitigate bounded-rationality-based transaction costs.

Original language	English
Title of host publication	Academy of Management Proceedings 2013
Editors	Leslie Toombs
Place of Publication	Briar Cliff Manor, NY
Publisher	Academy of Management
Publication date	2013
Pages	933-938
Article number	14596
Publication status	Published - 2013
Event	The Academy of Management Annual Meeting 2013: Capitalism in Question - Lake Bueno Vista (Orlando), FL, United States Duration: 9 Aug 2013 → 13 Aug 2013 Conference number: 73 http://aom.org/annualmeeting/

Conference

Conference	The Academy of Management Annual Meeting 2013
Number	73
Country/Territory	United States
City	Lake Bueno Vista (Orlando), FL
Period	09/08/2013 → 13/08/2013
Internet address	http://aom.org/annualmeeting/

Series	Academy of Management Proceedings
Volume	2013
ISSN	2151-6561

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Cite this

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title = "Putting Opportunism in the Back Seat: Bounded Rationality, Costly Conflict and Hierarchical Forms",

abstract = "TCE and its applications in management research put more emphasis on opportunism than on bounded rationality. By augmenting the bounded rationality assumption to include interpretive limitations, we show that there are sources of costly conflict that are not rooted in opportunism. Moreover, we show that bounded rationality may drive opportunism. All hierarchal forms are inherently subject to specific bounded-rationality-based conflicts, thus have different capacities to mitigate bounded-rationality-based transaction costs. ",

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Foss, N & Weber, L 2013, Putting Opportunism in the Back Seat: Bounded Rationality, Costly Conflict and Hierarchical Forms. in L Toombs (ed.), Academy of Management Proceedings 2013., 14596, Academy of Management, Briar Cliff Manor, NY, Academy of Management Proceedings, vol. 2013, pp. 933-938, The Academy of Management Annual Meeting 2013, Lake Bueno Vista (Orlando), FL, United States, 09/08/2013.

Putting Opportunism in the Back Seat: Bounded Rationality, Costly Conflict and Hierarchical Forms. / Foss, Nicolai; Weber, Libby .
Academy of Management Proceedings 2013. ed. / Leslie Toombs. Briar Cliff Manor, NY: Academy of Management, 2013. p. 933-938 14596 (Academy of Management Proceedings, Vol. 2013).

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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