Advanced Search
MyIDEAS: Login

Capabilities and Coherence in Firms and Markets

Contents:

Author Info

  • Richard N. Langlois

    (University of Connecticut)

Abstract

There is a tradition in the literature of transaction-cost economics that seeks to explain the existence of firms in terms of the inherent superiority of firms as an organizational form in some circumstances. The problem with these arguments is that they tend to contrast real firms with an idealized -- and extremely narrow -- picture of the market. This paper draws on the evolutionary theory of the firm in economics and the resource-based view of the firm in strategic management in order to elucidate the concepts of firm and market. Its central thesis is that firms do not exist because they are inherently superior to markets (that is, to markets at their best). Rather, firms exist because they are superior to particular markets at particular times and places. The explanation for the existence of firms is thus a historically contingent one in many respects.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://128.118.178.162/eps/io/papers/9309/9309003.doc.gz
Download Restriction: no

File URL: http://128.118.178.162/eps/io/papers/9309/9309003.pdf
Download Restriction: no

File URL: http://128.118.178.162/eps/io/papers/9309/9309003.ps.gz
Download Restriction: no

Bibliographic Info

Paper provided by EconWPA in its series Industrial Organization with number 9309003.

as in new window
Length:
Date of creation: 17 Sep 1993
Date of revision:
Handle: RePEc:wpa:wuwpio:9309003

Note: This paper is a Word for Windows document. The file is in binary form and must be downloaded with a binary transfer.
Contact details of provider:
Web page: http://128.118.178.162

Related research

Keywords:

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Takehiko Isobe & Shige Makino & David Montgomery, 2008. "Technological capabilities and firm performance: The case of small manufacturing firms in Japan," Asia Pacific Journal of Management, Springer, vol. 25(3), pages 413-428, September.
  2. P.P.M.A.R. Heugens, 2004. "A neo-Weberian theory of the firm," Working Papers 04-02, Utrecht School of Economics.
  3. Montgomery, David B. & Isobe, Takehiko & Makino, Shige & Lee, Kong Chian, 2007. "Technological Capabilities and Firm Performance: The Case of Small Manufacturing Firms in Japan," Research Papers 1980, Stanford University, Graduate School of Business.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpio:9309003. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.