Span of control, transaction costs, and the structure of production chains

Tomoo Kikuchi, Kazuo Nishimura, John Stachurski

研究成果: Article査読

8 被引用数 (Scopus)

抄録

This paper builds coordination costs, transaction costs, and other aspects of the theory of the firm into a production chain model with an infinite number of ex ante identical producers. The equilibrium determines prices, allocations of productive tasks across firms, firm sizes, and the number of active firms. These prices and allocations match several stylized facts on firm boundaries, vertical integration, and division of the value chain.

本文言語English
ページ(範囲)729-760
ページ数32
ジャーナルTheoretical Economics
13
2
DOI
出版ステータスPublished - 2018 5
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学および金融学(全般)

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