论文信息 - The Firm as a Pool of Factor Complementarities

The Firm as a Pool of Factor Complementarities

This paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the determination of the firm's boundaries. The factor complementarities may take a variety of forms: technological and informational complementarities, as well as economies of scale and scope. We examine the tradeoff between the gains from these complementarities and transactions costs. In so doing, we must abandon the standard dichotomy between the determinants of plant size and firm size. The influence of factor complementarities on firm size is examined in partial and general equilibrium frameworks.

D. Snower | A. Lindbeck | Assar Lindbeck | Dennis J. Snower

[1] George Hendrikse,et al. The Theory of Industrial Organization , 1989 .

[2] Jacob Viner,et al. Cost curves and supply curves , 1932 .

[3] O. Williamson,et al. Markets and Hierarchies: Analysis and Antitrust Implications. , 1977 .

[4] Dennis J. Snower,et al. Reorganization of Firms and Labor Market Inequality , 1996 .

[5] Sanford J. Grossman,et al. The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration , 1986 .

[6] P. Grout,et al. Investment and Wages in the Absence of Binding Contracts: A Nash Bargining Approach , 1984 .

[7] H. Demsetz,et al. Production, Information Costs, and Economic Organization , 1975, IEEE Engineering Management Review.

[8] Dennis J. Snower,et al. Multi-Task Learning and the Reorganization of Work , 1999 .

[9] P. Bolton,et al. The firm as a communication network , 1994 .

[10] B. Klein,et al. Vertical Integration, Appropriable Rents, and the Competitive Contracting Process , 1978, The Journal of Law and Economics.

[11] W. Baumol,et al. Contestable Markets and the Theory of Industry Structure , 1982 .

[12] Bengt Holmstrom,et al. Moral Hazard in Teams , 1982 .

[13] Joan V. Robinson,et al. The Nature of the Firm , 2004 .