IDEAS home Printed from https://ideas.repec.org/p/ctl/louvre/1994025.html
   My bibliography  Save this paper

The Firm as an Institution : Recent Evolution in the Contractual Perspective

Author

Listed:
  • Liliana BASILE

    (University of Naples)

  • Paola CASAVOLA

    (Banca d’Italia)

Abstract

The aim of this paper is to clarify the connection between types of firms and types of assumptions about the information structure. Building on the role of information structure, notions of the firm as an organisation have been put forward which suggest that the firm can assume an alternative (to the market) coordinating role in conditions of contractual incompleteness. A comparison (and opposition) between two recent approaches to the theory of the firm as an organisation seems to suggest that different notions of incomplete contracts imply substantial differences in terms of the meaning of a Pareto-efficiency improvement, of the role to assign to vertical integration, and of the determinants of the dimension of the firm.

Suggested Citation

  • Liliana BASILE & Paola CASAVOLA, 1994. "The Firm as an Institution : Recent Evolution in the Contractual Perspective," Discussion Papers (REL - Recherches Economiques de Louvain) 1994025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  • Handle: RePEc:ctl:louvre:1994025
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/40724055
    Download Restriction: no

    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ctl:louvre:1994025. 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: (Sebastien SCHILLINGS). General contact details of provider: http://edirc.repec.org/data/iruclbe.html .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.