Division of Labor, Variability, Coordination, and the Theory of Firms and Markets
Authors: Camacho, A.
Free PreviewBuy this book
- About this book
-
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 the relationship between technology and organization; show why the `size' of the firm is limited; and to refine the analysis of whether the existence of a sharable input, or the presence of an external effect leads to the emergence of a firm.
The book provides a wealth of insights for students and professionals in economics, business, law and organization.
- Table of contents (10 chapters)
-
-
Introduction
Pages 1-8
-
The Division of Labor and Communication
Pages 9-29
-
Variability and the Logic of Firms and Markets
Pages 30-45
-
The Internal Organization of Complex Teams
Pages 46-67
-
Variability, Coordination, Information Structure, and the Logic of Firms and Markets
Pages 68-81
-
Table of contents (10 chapters)
Recommended for you
Bibliographic Information
- Bibliographic Information
-
- Book Title
- Division of Labor, Variability, Coordination, and the Theory of Firms and Markets
- Authors
-
- A. Camacho
- Series Title
- Theory and Decision Library A:
- Series Volume
- 22
- Copyright
- 1996
- Publisher
- Springer Netherlands
- Copyright Holder
- Springer Science+Business Media B.V.
- eBook ISBN
- 978-94-015-8658-0
- DOI
- 10.1007/978-94-015-8658-0
- Hardcover ISBN
- 978-0-7923-3832-1
- Softcover ISBN
- 978-90-481-4648-2
- Series ISSN
- 0921-3384
- Edition Number
- 1
- Number of Pages
- XII, 154
- Topics
