The Rise and Fall of the Size of Firms
AbstractThis paper tries to cast a theoretical bridge between two important phenomena which have characterised the evolution of advanced capitalist countries over the second half of this century: namely, the shift from the so-called golden age to the "unstable" macroeconomic environment of the '70s and the '80s, and the reversal of the long run pattern of development of the size distribution of industrial firms, firstly oriented towards a growing relevance of big business, and then turning into what has been called "the re-emergence of small scale production". Both phenomena seem to have had their turning point around the mid-seventies. The aim of the paper is to find in economic theory the possible explanations of why they coincide, why in the face of those macroeconomic changes, business firms gave that answer to the organisaiton of productive activity.
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Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp156.
Date of creation: Mar 2000
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golden age; uncertainty; competition; information; managerial constraint; firm size;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Formal and Real Authority in Organizations,"
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- Philippe Aghion & Jean Tirole, 1994. "Normal and Real Authority in Organizations," Working papers 94-13, Massachusetts Institute of Technology (MIT), Department of Economics.
- Aghion, Philippe & Tirole, Jean, 1997. "Formal and Real Authority in Organizations," Scholarly Articles 4554125, Harvard University Department of Economics.
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"Production , Information Costs, and Economic Organization,"
American Economic Review,
American Economic Association, vol. 62(5), pages 777-95, December.
- Armen A. Alchian & Harold Demsetz, 1971. "Production, Information Costs and Economic Organizations," UCLA Economics Working Papers 10A, UCLA Department of Economics.
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