The Rise and Fall of the Size of Firms
This 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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|Date of creation:||Mar 2000|
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- Philippe Aghion & Jean Tirole, 1994.
"Formal and Real Authority in Organizations,"
95-8, 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.
- 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, 1994. "Formal and Real Authority in Organizations," IDEI Working Papers 37, Institut d'Économie Industrielle (IDEI), Toulouse.
- 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.
- 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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