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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Division of Labor, Variability, Coordination, and the Theory of Firms and Markets (Paperback, Softcover reprint of hardcover 1st ed. 1996)
Loot Price: R2,822
Discovery Miles 28 220
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Division of Labor, Variability, Coordination, and the Theory of Firms and Markets (Paperback, Softcover reprint of hardcover 1st ed. 1996)
Series: Theory and Decision Library A:, 22
Expected to ship within 10 - 15 working days
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A new approach to explaining the existence of firms and markets,
focusing on variability and coordination. It stands in contrast to
the emphasis on transaction costs, and on monitoring and incentive
structures, which are prominent in most of the modern literature in
this field. This approach, called the variability approach, allows
us to: show why both the need for communication and the
coordination costs increase when the division of labor increases;
explain why, while the firm relies on direction, the market does
not; rigorously formulate the optimum divisionalization problem;
better understand the relationship between technology and
organization; show why the size' of the firm is limited; and to
refine the analysis of whether the existence of a sharable input,
or the presence of an external effect leads to the emergence of a
firm. The book provides a wealth of insights for students and
professionals in economics, business, law and organization.
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