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An efficiency/effectiveness trade-off exists in micro-level exchanges. To understand how different focuses on the efficiency/effectiveness trade-off shape the macro-level performance of a market-like organizational system, we develop a complex adaptive systems model for computer simulations. We find that an efficiency-focus institution facilitates a market-like organizational system’s rapid emergence but hinders the system’s effective development.

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This page is a summary of: Exploring a market-like organizational system’s performance by considering the efficiency/effectiveness trade-off in micro-level exchanges, Management Decision, March 2022, Emerald, DOI: 10.1108/md-09-2021-1227.
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