Abstract
This article briefly understates the information cost analysis, and emphasizes the importance of these costs on organizational structure. The investigation is held on theoretical basis. Information cost approach dwells upon costs being generated both by the information gathering and the use of information in organizations. Thus information costs play a crucial role in effectiveness of alternative organizational structures. Basing upon this context, some theoretical propositions were suggested in order to find out the questions on how the information costs will be analyzed in terms of organizational structures and how it will be minimized.
Keywords: Information cost, Information economies, Organizational structure
References
- Arrow, K.J. (1969). The organization of economic activity. The Analysis and Evaluation of Public Expenditure: The PPB System. Joint Economic Committee, 91stCong., 1stsession, 59-73.
- Barnard, C.I. (1938). The functions of executive. Cambridge, Mass.: Harvard University Press.
- Barney, J.B. ve Hesterly, W. (1996). Organizational economics: Understanding the relationship between organizations and economic analysis. S.R. Clegg, C. Hardy ve W. R. Nord (Derl.), Handbook of organization studies içinde (ss. 115-47). London: Sage.
- Bento, A.M. ve White, L.F. (2001). Organizational form, performance and information costs in small businesses. The Journal of Applied Business Research, 17(4), 41-62.
- Blau, P.M. ve Scott, W.R. (1962). Form formal organizations. San Fransisco: Scott, Foreman.
- Boyce, G. (1999). Information cost and institutional typologies: A review article. Australian Economic History, 99(1), 72-78.
- Casson, M. (1997). Entrepreneurial networks in international business. Business and Economic History, 26(2), 811-823.
- Casson, M. ve Wadeson, N. (1996). Information strategies and the theory of firm. Information Journal of Economics of Businesses, 3(3), 307-331.
- Chandler, A.D.J. (1962). Strategy and structure: Chapters in the history of American Industrial Enterprise. Cambridge: MIT Press.
- Clemons, E.K. ve Row, M.C. (1992). Information technology and industrial cooperation: The changing economics of coordination and ownership. Journal of Management Information Systems, 9(2), 9-29.
- Colomb, R.M. (2001). Why do people pay for Information? Prometheus, 19(1), 45-55.
- Commons, J.R. (1934). Institutional economics. Madison: University of Wilconsin Press.
- Cowan, R. ve Foray, D. (1997). The economics of codification and the difusion of knowledge. Industrial and Corporate Change, 6(3), 595-622.
- Hamori, S. (1989). Information cost, learning process and the effectiveness of monetary policy. Scandinavian Journal of Economics, 91(3), 535-546.
- Jensen, R. (1988). Information cost and innovation adaptation policies. Management Science, 34(2), 230-241.
- Kulkarni, S.P. ve Heriot, K.C. (1999). Transaction costs and information cost as determinants of organizational form: A conceptual synthesis. American Business Review, June, 43-53.
- Leijonhufvud, A. (1989). Information costs and the division of labour. Management Science, 165-178.
- Liebeskind, J.P. (1997). Keeping organizational secrets: Protective institutional mechanisms and their costs. Industrial and Corporate Change, 6(3), 623-663.
- March, J.G. ve Simon, H.A. (1958). Organizations. New Yoek: John Wiley.
- Mixon, F.G. (1998). Advertising and information costs: An empirical study. International Journal of Social Economics, 25(9), 1334-1342.
- Morelli, C. (1999). Information costs and information assymetry in British food retailing. The Service Industries Journal, 19(3), 175-186.
- Nowak, M.J. ve McCabe, M. (2003). Information cost and the role of independent corporate director. Corporate Governance, 2(4), 300-309.
- Ouchi, W.G. (1980). Markets, bureaucracies, and clans. Administrative Science Quarterly, 25, 129-42.
- Pendse, S. ve Kling, N. (1985). Information costs, transactions and organizational boundaries. American Business Review, 40-46.
- Powell, W.A. (1990). Neither market nor hierarchy: Network forms of organization. Research in Organizational Behavior, 12, 295-336.
- Polanyi, M. (1958). Personal knowledge. Chicago: University of Chicago Press.
- Robins, J.A. (1987). Organizational economics: Notes on the use of transaction cost theory in the study of organizations. Administrative Science Quarterly, 32, 68-86.
- Simon, H.A. (1947). Models of man. New York: John Wiley.
- Thompson, J.D. (1967). Organizations in action. NewYork: McGraw-Hill.
- Whitley, R. (1994a). Dominant forms of economic organization in market economies. Organization Studies, 15(2), 153-182.
- Williamson, O.E. (1979). Transaction cost economics: The governance of contractual relations. Journal of Law and Economics, 22, 233-61.
- Williamson, O.E. (1981). The economics of organization: The transaction cost approach. American Journal of Sociology, 87(3), 548-77.
- Williamson, O.E. (1985). The economic institutions of capitalism: Firms, markets, relational contracting. New York, NY: Free Press.
- Williamson, O.E. (1990). The organization theory. New York, NY: Oxford University Press.
- Williamson, O.E. (1995). Organization theory: From chester barnard to the present and beyond. NewYork: Oxford University Press.
- Williamson, O.E. (1996). Economic organization: The case for candor. Academy Management Review, 21(1), 48-57.
- Williamson, O.E. (1999). Comparative economic organization: The analysis of discrete structural alternatives. Administrative Science Quarterly, 36, 269-296.
License
Copyright (c) 2005 The author(s). This is an open access article distributed under the Creative Commons Attribution License (CC BY), which permits unrestricted use, distribution, and reproduction in any medium or format, provided the original work is properly cited.

