Values and Governance Systems

P.H.M. Ruys, J.R. van den Brink, R. Semenov

Research output: Working paperDiscussion paperOther research output

280 Downloads (Pure)

Abstract

Cooperative behavior as well as other cultural rules and values are made explicit in organizational units that procure and provide a common service. The common service is procured by a club, which consists of a user-value function, a representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a structure of principal-agent relations. The representation governance is a bottom-up hierarchy, empowered by the members of the club. The implementation governance is a top-down hierarchy, empowered by the governor of the firm. The optimal size of the club organization and the firm organization in a competitive environment is determined under certain conditions. This description of a club and a firm allows characterization of some cultural dimensions in the society. For one such cultural dimension, viz. the degree of collectivism in society, the impact on the optimal organization is shown.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages22
Volume1999-66
Publication statusPublished - 1999

Publication series

NameCentER Discussion Paper
Volume1999-66

Fingerprint

Governance
Clubs
Cultural dimensions
Neoclassical theory
Cooperative behavior
Budget allocation
Bottom-up
Top-down
Competitive environment
Cooperative game
Remuneration
Production function
Collectivism
Value function

Keywords

  • Governance
  • cooperation
  • hierarchy
  • club
  • firm
  • institution
  • service economy
  • values
  • culture
  • organization

Cite this

Ruys, P. H. M., van den Brink, J. R., & Semenov, R. (1999). Values and Governance Systems. (CentER Discussion Paper; Vol. 1999-66). Tilburg: Microeconomics.
Ruys, P.H.M. ; van den Brink, J.R. ; Semenov, R. / Values and Governance Systems. Tilburg : Microeconomics, 1999. (CentER Discussion Paper).
@techreport{7b3f7549e97f4e5b92e62eb732029bf0,
title = "Values and Governance Systems",
abstract = "Cooperative behavior as well as other cultural rules and values are made explicit in organizational units that procure and provide a common service. The common service is procured by a club, which consists of a user-value function, a representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a structure of principal-agent relations. The representation governance is a bottom-up hierarchy, empowered by the members of the club. The implementation governance is a top-down hierarchy, empowered by the governor of the firm. The optimal size of the club organization and the firm organization in a competitive environment is determined under certain conditions. This description of a club and a firm allows characterization of some cultural dimensions in the society. For one such cultural dimension, viz. the degree of collectivism in society, the impact on the optimal organization is shown.",
keywords = "Governance, cooperation, hierarchy, club, firm, institution, service economy, values, culture, organization",
author = "P.H.M. Ruys and {van den Brink}, J.R. and R. Semenov",
note = "Pagination: 22",
year = "1999",
language = "English",
volume = "1999-66",
series = "CentER Discussion Paper",
publisher = "Microeconomics",
type = "WorkingPaper",
institution = "Microeconomics",

}

Ruys, PHM, van den Brink, JR & Semenov, R 1999 'Values and Governance Systems' CentER Discussion Paper, vol. 1999-66, Microeconomics, Tilburg.

Values and Governance Systems. / Ruys, P.H.M.; van den Brink, J.R.; Semenov, R.

Tilburg : Microeconomics, 1999. (CentER Discussion Paper; Vol. 1999-66).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - Values and Governance Systems

AU - Ruys, P.H.M.

AU - van den Brink, J.R.

AU - Semenov, R.

N1 - Pagination: 22

PY - 1999

Y1 - 1999

N2 - Cooperative behavior as well as other cultural rules and values are made explicit in organizational units that procure and provide a common service. The common service is procured by a club, which consists of a user-value function, a representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a structure of principal-agent relations. The representation governance is a bottom-up hierarchy, empowered by the members of the club. The implementation governance is a top-down hierarchy, empowered by the governor of the firm. The optimal size of the club organization and the firm organization in a competitive environment is determined under certain conditions. This description of a club and a firm allows characterization of some cultural dimensions in the society. For one such cultural dimension, viz. the degree of collectivism in society, the impact on the optimal organization is shown.

AB - Cooperative behavior as well as other cultural rules and values are made explicit in organizational units that procure and provide a common service. The common service is procured by a club, which consists of a user-value function, a representation governance, and a budget-allocation function. The common service is provided by a firm, which consists of a value-production function, an implementation governance, and a remuneration function. They extend the concepts of the consumer and the producer in neoclassical theory. The functions mentioned are determined by cooperative games. A governance is represented by a structure of principal-agent relations. The representation governance is a bottom-up hierarchy, empowered by the members of the club. The implementation governance is a top-down hierarchy, empowered by the governor of the firm. The optimal size of the club organization and the firm organization in a competitive environment is determined under certain conditions. This description of a club and a firm allows characterization of some cultural dimensions in the society. For one such cultural dimension, viz. the degree of collectivism in society, the impact on the optimal organization is shown.

KW - Governance

KW - cooperation

KW - hierarchy

KW - club

KW - firm

KW - institution

KW - service economy

KW - values

KW - culture

KW - organization

M3 - Discussion paper

VL - 1999-66

T3 - CentER Discussion Paper

BT - Values and Governance Systems

PB - Microeconomics

CY - Tilburg

ER -

Ruys PHM, van den Brink JR, Semenov R. Values and Governance Systems. Tilburg: Microeconomics. 1999. (CentER Discussion Paper).