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Division of Labor, Variability, Coordination, and the Theory of Firms and Markets
A. Camacho
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Description for Division of Labor, Variability, Coordination, and the Theory of Firms and Markets
Hardback. Documents an approach to explaining the existence of firms and markets, focusing on variability and co-ordination. This work studies, among other topics, the analysis of whether the existence of a sharable input, or the presence of an external effect, leads to the emergence of a firm. Series: Theory and Decision Library A:. Num Pages: 154 pages, biography. BIC Classification: KCC; KCH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 11. Weight in Grams: 421.
A new approach to explaining the existence of firms and markets, focusing on variability and coordination. It stands in contrast to the emphasis on transaction costs, and on monitoring and incentive structures, which are prominent in most of the modern literature in this field. This approach, called the variability approach, allows us to: show why both the need for communication and the coordination costs increase when the division of labor increases; explain why, while the firm relies on direction, the market does not; rigorously formulate the optimum divisionalization problem; better understand ... Read more
A new approach to explaining the existence of firms and markets, focusing on variability and coordination. It stands in contrast to the emphasis on transaction costs, and on monitoring and incentive structures, which are prominent in most of the modern literature in this field. This approach, called the variability approach, allows us to: show why both the need for communication and the coordination costs increase when the division of labor increases; explain why, while the firm relies on direction, the market does not; rigorously formulate the optimum divisionalization problem; better understand ... Read more
Product Details
Format
Hardback
Publication date
1995
Publisher
Kluwer Academic Publishers United States
Number of pages
154
Condition
New
Series
Theory and Decision Library A:
Number of Pages
154
Place of Publication
Dordrecht, Netherlands
ISBN
9780792338321
SKU
V9780792338321
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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