Wednesday, March 17, 2010

Why FBI dysfunctional? From NIE to OE

Richard Posner has an interesting paper in Journal of Institutional Economics in which he applied organizational economics (particularly agency theory) to understand why some public organizations, like common law/civil law judiciary systems, can be quite successful in achieving organizational efficiency while others, such as FBI and some federal intelligence agencies, are rather dysfunctional.

Some comments and follow-up papers (including Frey, Roberts, Ostrom, and of course, Posner's own reply) are also interesting and deserve a careful read.

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