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Theory and Decision Library A:

Division of Labor, Variability, Coordination, and the Theory of Firms and Markets

Authors: Camacho, A.

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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)

Table of contents (10 chapters)

Buy this book

eBook $139.00
price for USA in USD
  • ISBN 978-94-015-8658-0
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $179.99
price for USA in USD
Softcover $179.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Division of Labor, Variability, Coordination, and the Theory of Firms and Markets
Authors
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