: Williamson O E
: Hierarchical Control and Optimum Firm Size
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: 1967
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: The Journal of Political Economy
() : 2
: 75
: Oliver E. Williamson. Hierarchical Control and Optimum Firm Size // The Journal of Political Economy, Vol. 75, No. 2. (Apr., 1967), pp. 123-138.
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There is a great deal of evidence that almost all organizational structures tend to produce false images in the decision-maker, and that the larger and more authoritarian the organization, the better the chance that its top decision-makers will be operating in purely imaginary worlds. This perhaps is the most fundamental reason for supposing that there are ultimately diminishing returns to scale.
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