Capabilities and the Theory of the Firm
AbstractThis essay seeks to locate the ideas of G. B. Richardson within the present-day discussion of the theory of the boundaries of the firm. Richardson differs from the mainstream of transaction-cost economics in that, like Coase and Knight before him, he sees the problem of market contracting as a matter of difficult coordination rather than as a problem of "opportunism" in the face of contractual hazards, and in that he effectively links together transaction costs and production costs, categories sharply partitioned by traditional price theory (which largely ignored the former) and by transaction-cost economics (which largely ignores the latter).
Download InfoIf 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.
Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 9503002.
Length: 33 pages
Date of creation: 16 Mar 1995
Date of revision:
Note: 33 pages. Paper for the colloquium in honor of G. B. Richardson, January 4-6, 1995, St. John's College, Oxford.
Contact details of provider:
Web page: http://220.127.116.11
Find related papers by JEL classification:
- L - Industrial Organization
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Gavin C Reid, 1994. "Limit's to a Firm's Rate of Growth: the Richardsonian View and its Contemporary Empirical Significance," CRIEFF Discussion Papers 9426, Centre for Research into Industry, Enterprise, Finance and the Firm.
- Mehrdad Vahabi, 1998. "The Relevance of the Marshallian Concept of Normality in Interior and in Inertial Dynamics as Revisited by G. SHACKLE and J. KORNAI," Post-Print hal-00629181, HAL.
- Benjamin Coriat, 2004. "The State of Organizational Reform in European Firms: Evidence from a Comparative Overview of Ten EU Countries," LEM Papers Series 2004/04, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Nicolai J. Foss, 1997. "Incomplete Contracts and Economic Organization Brian Loasby and the Theory of the Firm," DRUID Working Papers 97-11, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.