The authors explore the current state of the theory of the firm, with attention to its historical origins. Answers to the crucial theoretical question of why an organization c ontrolled by a central authority cannot always duplicate the performa nce of a decentralized organization are presented. Finally, the autho rs describe some important current directions in the theory of the fi rm and point out promising avenues for continuing research.
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Volume (Year): 21 (1988) Issue (Month): 3 (August) Pages: 444-58 Download reference. The following formats are available: HTML
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Handle: RePEc:cje:issued:v:21:y:1988:i:3:p:444-58
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