Organizational Economics

Organizational economics studies how firms and organizations operate, focusing on the relationships between individuals within them, decision-making processes, and how to design effective structures and incentives. It explores how organizations manage resources, align employee goals, and minimize costs while maximizing efficiency and productivity. By understanding these dynamics, businesses can improve performance, foster cooperation, and adapt to changing markets. Essentially, it combines insights from economics, management, and behavioral science to enhance organizational effectiveness and competitiveness.