Polycentric Governance and the Role of Hybrid Organizations
Year: 2025
Type: article
Abstract: This study delves into the realm of economic organizations by exploring the dynamic relationship between hierarchy, market, and networks. It examines the contention that these three prototypes—hierarchy, market, and network—give rise to diverse organizational forms, including hybrid organizations. Drawing on seminal work by Williamson, Olson, Simon, and various scholars, this research aims to uncover the reasons for the coexistence of these organizational forms and their contribution to public benefit. It underscores that the amalgamation of hierarchy, market, and network features plays a pivotal role in shaping modern economic organizations. Additionally, this study advocates the utilization of discrete structural analysis to understand the intricate mechanisms behind the formation of diverse organizations and the relative advantages they offer in terms of transaction costs.
Author: Dr. Wei Zhang
Institution: Renmin University of China
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6893125902
FWCI:
Cites:
Cited by:
Related to: