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Firms as problem solvers: economics meets computer science

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  • Kim, Minseong

Abstract

A theory of the firm based on the idea that firms are problem solvers is developed. A network of firms and hierarchical structure of an individual firm are analyzed in terms of distributed and parallel computing. This framework, based on notions of computer science, allows us a simple answer to why a network of firms exists instead of a network of individuals.

Suggested Citation

  • Kim, Minseong, 2019. "Firms as problem solvers: economics meets computer science," MPRA Paper 97332, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:97332
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    File URL: https://mpra.ub.uni-muenchen.de/97332/1/MPRA_paper_97332.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    theory of the firm; vertical integration; parallel computing; distributed computing; synchronization;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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