The Firm as a nexus of treaties
Leading experts on the theory of the firm advance a new approach to understanding the nature of the firm, and open up the prospect of a new interdisciplinary "science of organization"
x, 358 pages : illustrations ; 22 cm
9780803982444, 9780803982451, 0803982445, 0803982453, 0803982445, 0803982453
20390845
Part 1 Knowledge
its acquisition, sharing and/or asymmetry: the participatory generation of information rents and the theory of the firm, Masahiko Aoki; common knowledge and the co-ordination of economic activities, Jacques Cremer; profit sharing, information and employment, Matti Pohjola. Part 2 Vertical integration and the strategic management of the enterprise: what is vertical integration?, Michael H.Riordan; vertical integration, transaction costs and "learning by using", Kurt Lundgren; the firm as a nexus of internal and external contracts, Torger Reve. Part 3 Issues of labour organization: the viability of worker ownership
an economic perspective on the political structure of the firm, Henry Hansmann; intellectual skill and the role of employees as constituent members of large firms in contemporary Japan, Kazuo Koike; the implicit contract for corporate law firm associates
"ex post" opportunism and "ex ante" bonding, Robert H.Mooking. Part 4 Finance and the political structure of the firm: capital structure as a mechanism of control
a comparison of financial systems, Erik Berglof; long-term contracts in financial markets, Hakan Lindgren; the principle of external accountability in competitive markets, Herbert Gintis; union militancy and plant designs, Kar Ove Moene; can transaction cost economics explain trade associations?, Marc Schneiberg and J.Rogers Hollingsworth