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Theory of the firm and structure of residual rights

  • Yang, Xiaokai
  • Ng, Yew-Kwang

AbstractThe following sections are included:IntroductionA Model with Intermediate GoodsConfiguration and Corner Solution versus Market Structure and Corner EquilibriumStructure of Residual Rights, Economies of Specialization, Economies of Division of Labor, and Economies of the FirmImplications and ConclusionsAppendix: Proof of Proposition 1References

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File URL: http://www.sciencedirect.com/science/article/pii/0167-2681(94)00009-4
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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 26 (1995)
Issue (Month): 1 (January)
Pages: 107-128

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Handle: RePEc:eee:jeborg:v:26:y:1995:i:1:p:107-128
Contact details of provider: Web page: http://www.elsevier.com/locate/jebo

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  1. Xiaokai Yang & Jeff Borland, 2005. "A Microeconomic Mechanism For Economic Growth," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 18, pages 409-436 World Scientific Publishing Co. Pte. Ltd..
  2. Laffont, Jean-Jacques & Tirole, Jean, 1986. "Using Cost Observation to Regulate Firms," Journal of Political Economy, University of Chicago Press, vol. 94(3), pages 614-41, June.
  3. Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
  4. Frank H. Knight, 1925. "On Decreasing Cost and Comparative Cost: A Rejoinder," The Quarterly Journal of Economics, Oxford University Press, vol. 39(2), pages 331-333.
  5. Ng, Yew-Kwang, 1982. "A Micro-Macroeconomic Analysis Based on a Representative Firm," Economica, London School of Economics and Political Science, vol. 49(194), pages 121-39, May.
  6. Xiaokai Yang, 2006. "Development, Structural Changes And Urbanization," World Scientific Book Chapters, in: Inframarginal Contributions To Development Economics, chapter 7, pages 137-166 World Scientific Publishing Co. Pte. Ltd..
  7. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-95, December.
  8. Hart, Oliver D. & Moore, John, 1990. "Property Rights and the Nature of the Firm," Scholarly Articles 3448675, Harvard University Department of Economics.
  9. Lewis, Tracy R & Sappington, David E M, 1991. "Technological Change and the Boundaries of the Firm," American Economic Review, American Economic Association, vol. 81(4), pages 887-900, September.
  10. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
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