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  Ethics and Efficiency in Organizations

Hausken, K. (1996). Ethics and Efficiency in Organizations. International Journal of Social Economics, 23(9), 15-40. doi:10.1108/03068299610124298.

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IJSE_23_1996_Hausken.pdf (Any fulltext), 136KB
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IJSE_23_1996_Hausken.pdf
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 Creators:
Hausken, Kjell1, Author           
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1Theorien und Methoden, MPI for the Study of Societies, Max Planck Society, ou_1214557              

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Free keywords: Efficiency, Ethics, Organizations
 Abstract: Lays out a framework for analysing ethics in organizations. Relying on methodological individualism, introduces five building blocks for the framework: self‐interest, individual rationality, sequential rationality, incentive compatibility, and reputation. Uncritical use of the self‐interest model may induce framing effects, blinding less cautious users to important ethical dimensions. Illustrates the richness and “ethical flavour” of an appropriately considered self‐interest model through focusing one of the individual agent’s real interests in a broad sense, through the use of the time factor in the building blocks, and through suggesting how the individual agent can interpret the value systems in her surroundings.

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Language(s): eng - English
 Dates: 1996
 Publication Status: Issued
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 Table of Contents: Introduction
Self‐interest and other‐regarding behaviour
Individual rationality
Sequential rationality
Incomplete information and type theory
Incentive compatibility
Reputation
Principal‐agent analysis and ethics
Interaction between individual agent and surrounding structure
The real interests of the individual agent in the long run
References and further reading
 Rev. Type: -
 Identifiers: DOI: 10.1108/03068299610124298
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Title: International Journal of Social Economics
Source Genre: Journal
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Pages: - Volume / Issue: 23 (9) Sequence Number: - Start / End Page: 15 - 40 Identifier: ISSN: 0306-8293
ISSN: 1758-6712