We augment transaction cost economics' (TCE) bounded rationality assumption with heuristics (framing) and cognitive biases to expand the understanding of hierarchical governance in the theory. TCE traditionally puts opportunism in the frontseat, while primarily relegating bounded rationality to the support role of invoking incomplete contracts. The theory also suggests that hierarchical governance effectively mitigates opportunism-based transaction costs, making it difficult to explain why hierarchies are not always used. However, when an augmented bounded rationality assumption is incorporated into TCE, we argue, first, that bounded rationality is a separate source of transaction costs, and, second, that these costs are not equally mitigated by all forms of hierarchy. Instead, different hierarchical forms are associated with particular frames and social referents that naturally enhance specific bounded rationality-based conflicts, allowing certain hierarchical forms to mitigate bounded rationality-based transaction costs better than others. As a result, bounded rationality takes a frontseat in the theory, addressing prior critiques of TCE, expanding the governance questions addressed by the theory and creating a new moderating role for asset specificity in internal exchanges.

Iperius is a complete backup utility for Windows that can be used by both home users and Company servers (without any time/license limitation). Iperius also has different paid editions available, which allow for making advanced backup types, su...

RTAC Large Lasercut MOLLE Backpack with a Pistol Retention System is not just $20.99 after a sale and coupon code at check out. That is 75%+ off...

HYUNDAI’S recent acknowledgement of the challenges with touchscreens in vehicles highlights a growing trend that some are calling the “Tesla Effect.” Following in Tesla’s footsteps, many automakers have phased out traditional physical controls for digital interfaces on touchscreens, aiming to create sleek, tech-centric cabins. However, Hyundai has found that American buyers aren’t entirely on board with the touchscreen-only setup.

According to HDNA Vice President Ha Hak-soo, Hyundai’s experience with touchscreen-based controls revealed that drivers often feel frustrated when trying to quickly adjust settings on the go, especially when physical dials or buttons could have made adjustments more straightforward. Hyundai’s internal testing with focus groups found that drivers found it stressful to control certain functions on a touchscreen when needing immediate responsiveness.

Touchscreens undoubtedly allow designers more flexibility to achieve minimalist interiors and offer a greater range of functions than physical controls alone. But when it comes to real-world driving, bumping along a rough road can make it challenging to find and tap digital controls accurately. A simple adjustment that could once be handled by feel now demands more focus, taking the driver’s attention off the road.

In response, Hyundai has started reintroducing physical controls on some models, including the facelifted Ioniq 5. While Hyundai’s North American team believes driver attitudes might shift once advanced driver-assistance systems become more common, allowing drivers to focus less on the road, for now, it seems Hyundai is listening to the call for a balance between digital and physical controls.

[…] Update vom 10.2.2017, Karen Blakeman’s Blog: New Creative Commons image search – back to the drawing board I’m afraid […]

The ASICS Rock 'n' Roll Running Series Manila, presented by AIA Vitality, returns on November 23-24 for its third year, bigger and bolder than ever.

Locating images that can be re-used, modified and incorporated into commercial or non-commercial projects is always a hot topic on my search workshops.  As soon as we start looking at tools that identify Creative Commons and public domain images the delegates start scribbling. Yes, Google and Bing both have tools that allow you to specify … Continue reading New Creative Commons image search – back to the drawing board I’m afraid →

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All 10 Nepali climbers are in good health and relaxing, says G-B govt spokesperson Faizullah Firaq

The popular host said she did not intend to break any confidential news, explaining her side.

A representational image of bubble tea. — Canva

When it comes to trending beverages, bubble tea reigns supreme. The delightful Taiwanese creation has taken the world by storm as its charm knows no borders.

Its popularity has spread to several countries,...

Panniers strapped to their haunches, a team of horses waded collar-deep through North Sea waters — hauling wide nets along the Belgian coast as cawing seagulls swirled all around.

In the saddle, clad head to toe in yellow oilskins, riders steered them parallel with the...

Never underestimate the amount of effort law enforcement officers will expend to dispense as much cruelty as possible. And never forget these are the people we are expected to believe are actually there to protect and serve. While it’s great there’s a settlement payment on the way, the fact is that this extremely vindictive and […]

The case against Backpage was built on lies, innuendo, and a willful misunderstanding of how the internet works. But that didn’t stop the government from destroying the company and its founders’ lives. Over the last few years, we’ve written about how the entire case against Backpage was a travesty of justice. The company actually worked […]

PTI’s rally near Islamabad demanded Imran Khan’s release and opposed constitutional amendments.

Meghan Markle is reportedly trying to win Christmas with special packages for her Hollywood fraternity.

The Duchess of Sussex, who has largely been at the back end this year, is promoting her lifestyle brand titled, ‘American Riviera Orchard’ with gift bags.

An...

It seems quite obvious that religious groups have more bark than bite.

For those working closely with the development of new medicines for FDA approval, it can be informative respecting the future to look back at recent activity and take note of any potential changes from years past. Now, with no more … Continue reading →

Blinken promised to review Kyiv's long-standing request for using Western-supplied weapons to strike Russian targets

Top court and electoral, military officials among 16 targetted as US aims to push Maduro into negotiations

Meghan Markle sparked another controversy after she wore a poppy that slightly differed from that of Prince Harry's in a recent video addressing children's digital safety.

A journalist has pointed out that the Duchess of Sussex’s poppy lacked leaves on the stalk, resembling...

We got The Shadow Conspiracy back in stock, like for example the Subrosa X Shadow "Featherweight" Helmet, which got a In-Mold technology to make a custom shape and fit utilizing a thin outer shell covers and protects high density EPS foam.

Also back in stock, The Shadow Conspiracy "Crow Straight Gauge 4PC" BMX Bar, which is Johnny Devlin's Signature bar and uses Straight Gauge Chromoly Tubing (tube-wall of uniform thickness). It got after welding heat treatment and the crossbar has a unique tear shape. The The Shadow Conspiracy "Crow Straight Gauge 4PC" BMX Bar comes with a width of 29" (73.66 cm) and a backsweep of 10°.


Check our online-shop for more new The Shadow Conspiracy products!
Have fun!



All the best

, Your kunstform BMX Shop Team

Yeah, we just got again a delivery of the popular Subrosa Bikes "Tiro" 2019 BMX bikes, which are especially good for beginners.

Related links:

• all products of Subrosa Bikes

After the first delivery of the wethepeople 2021 BMX bikes was completely sold out within a few days, we are now happy that we were able to organize a few of the most popular models again.

The Sunday "Primer 18" BMX bike is probably one of the best entry-level BMX bikes for kids and is highly recommended by us. The first delivery of the BMX bikes was sold out very quickly last year, so we're very happy to be able to offer you this super BMX bike again. We recommend buying while it is still available.

Shadow Riding Gear is one of the most popular BMX protective gear companies and they're finally back in stock. However, they are in high demand and will sell out in no time so be quick!

We received a very hot Subrosa Brand delivery and long sold out BMX parts, such as the Subrosa Brand "Ray" handlebar (Matt Ray Signature), the Subrosa Brand "Simo" fork (Simone Barraco Signature) or the super popular Subrosa Brand "Street Rails" are finally in all colors and options in stock again.

A new Shadow Riding Gear shipment has arrived! The Shadow Riding Gear protectors were made by BMXers for BMXers and are therefore one of the most popular protectors in the BMX and meanwhile also MTB area.

Former prime minister Imran Khan gestures as he addresses supporters during a rally in Karachi, April 16, 2022. — ReutersSome PTI leaders sitting abroad pressing for do-or-die protest. Some firebrand leaders fear it may damage party and its cause.PTI info secy admits to presence...

A new item has been added to the database: 5008992 Sherpa Backed Throw.

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