Overview

"This text documents an approach to explaining the existence of firms and markets, focusing on variability and co-ordination. 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 co-ordination costs increase when the division of labour 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 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."

Full Product Details

Author:   A. Camacho
Publisher:   Springer
Imprint:   Springer
Edition:   1996 ed.
Volume:   22
Dimensions:   Width: 15.60cm , Height: 1.10cm , Length: 23.40cm
Weight:   0.930kg
ISBN:  

9780792338321

ISBN 10:   0792338324
Pages:   154
Publication Date:   31 December 1995
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

1: The Division of Labor and Communication.- 2: Variability and the Logic of Firms and Markets: Informal Analysis.- 3: The Internal Organization of Complex Teams: Bounded Rationality and the Logic of Hierarchies.- 4: Variability. Coordination, Information Structure, and the Logic of Firms and Markets.- 5: Variability and the Logic of Firms, Markets, and Other Arrangements.- 6: Adaptation Costs, Coordination Costs, and Optimal Firm Size.- 7: Indivisibilities: Economies of Scale, Scope, and Speed.- 8: The Variability Approach and the Multiproduct Firm.- 9: Concluding Remarks.- Names Index.

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