Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Division of Labor, Variability, Coordination, and the Theory of Firms and Markets

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

Camacho, A.

Paperback

Series: Theory and Decision Library A:, Book 22

Business GeneralEconomicsGeneral Computers

ISBN10: 9048146488
ISBN13: 9789048146482
Publisher: Springer
Published: Dec 7 2010
Pages: 154
Weight: 0.54
Height: 0.36 Width: 6.14 Depth: 9.21
Language: English
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.

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