Markets, Contracts, and Firms: A Unified Model of Organizational Choice
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KeywordsAsset specificity; contracts; firms; markets; transaction costs;
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-30 (All new papers)
- NEP-BEC-2011-04-30 (Business Economics)
- NEP-COM-2011-04-30 (Industrial Competition)
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