Birger Wernerfelt

Adaptation, Specialization, and the Theory of the Firm

• Gebundenes Buch

Produktbeschreibung

An up-to-date analysis of the theory of the firm, including the latest research on the resource-based view.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 330
• Erscheinungstermin: 27. Oktober 2016
• Englisch
• Abmessung: 235mm x 157mm x 22mm
• Gewicht: 630g
• ISBN-13: 9781107134409
• ISBN-10: 1107134404
• Artikelnr.: 45154307

Autorenporträt

Birger Wernerfelt is the J. C. Penney Professor of Management at the Sloan School of Management, Massachusetts Institute of Technology.

Inhaltsangabe

Preface
Part I. Agenda: 1. Introduction
2. Preview: small forces, high frequencies, and large firms
Part II. The Main Argument: 3. Adaptation costs in one dimension: firms, contracts, and price lists
4. Adaptation costs in three dimensions: firms, markets, and contracts
5. All adaptations are not the same: the scope of firms and the size of markets
6. Resources and the scope of the firm
Part III. Implications: 7. The allocation of asset ownership
8. Communication within and between firms
9. The power of incentives within and between firms
10. Decision-making in large organizations
Part IV. Empirical Tests: 11. Bargaining costs: existence and sub-additivity
12. Adaptation frequency and the boundary of the firm
13. Asset ownership and externalities
Part V. Foundations: 14. Endogenously incomplete contracts
15. Multiple equilibria and firm heterogeneity
16. On the endogenous amplification of small differences
Part VI. Postscript: 17. Summary and final reflections
Index.