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Why is Information Asymmetrical?

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  • F. G. BAILEY

    (University of California, San Diego)

Abstract

Much of the information that passes up and down the hierarchy in formal organizations is not of the referential kind taken for granted in theories about the interaction of principals and agents. It is less factual than it is persuasive. To have practical application, at least at the microlevel, theories of organizational behavior need to comprehend rules which govern the composition of persuasive messages; that is, they should take account of the rhetoric (especially the poetics) of organizational communication. Persuasive communication is described in the context of military organizations.

Suggested Citation

  • F. G. Bailey, 1991. "Why is Information Asymmetrical?," Rationality and Society, , vol. 3(4), pages 475-495, October.
    • Handle: RePEc:sae:ratsoc:v:3:y:1991:i:4:p:475-495
    DOI: 10.1177/1043463191003004006
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    References listed on IDEAS

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    1. North, Douglass C., 1989. "Institutions and economic growth: An historical introduction," World Development, Elsevier, vol. 17(9), pages 1319-1332, September.
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    Cited by:

    1. Arun Agrawal, 1997. "Shepherds and Their Leaders Among the Raikas of India," Journal of Theoretical Politics, , vol. 9(2), pages 235-263, April.

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