This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Perspectives: Vol. 12 No. 4 (Fall 1998)
JEP Volume. 12, Issue 4 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter
Full-text Article (Complimentary)
View Comments on This Article (0) | Login to post a comment
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter
Explore:
The Boundaries of the Firm Revisited
Article Citation
Holmstrom, Bengt, and
John Roberts. 1998. "The Boundaries of the Firm Revisited."
Journal of Economic Perspectives,
12(4): 73-94.
DOI: 10.1257/jep.12.4.73
DOI: 10.1257/jep.12.4.73
Abstract
Both transaction cost-economics and property-rights theories offer explanations of the boundaries of the firm based on ideas of ex post bargaining and holdup. These theories are quite distinct in their empirical predictions, but neither offers a satisfactory account of a large variety of observed practices. The authors discuss a number of such examples, where the boundaries of the firm seem to be determined by factors other than the need to protect investments, and where other mechanisms than the allocation of asset ownership are used to provide investment incentives. These examples indicate the need to enrich their theory of firm boundaries.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Holmstrom, Bengt (MIT)
Roberts, John (Stanford U)
Roberts, John (Stanford U)
JEL Classifications
D20: Production and Organizations: General
L60: Industry Studies: Manufacturing: General
L60: Industry Studies: Manufacturing: General
Comments
View Comments on This Article (0) | Login to post a comment
