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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3208| Title: | The firm as a pool of factor complementarities |
| Keywords: | D21 D23 ddc:330 Theorie der Unternehmung Produktionsfaktor Faktorsubstitution Transaktionskosten Betriebsgröße Allgemeines Gleichgewicht Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Centre for Economic Policy Research, London |
| Description: | This Paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the determination of the firm’s boundaries. The factor complementarities may take a variety of forms: technological and informational complementarities, as well as economies of scale and scope. We examine the trade-off between the gains from these complementarities and transactions costs. In so doing, we must abandon the standard dichotomy between the determinants of plant size and firm size. The influence of factor complementarities on firm size is examined in partial and general equilibrium frameworks. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3208 |
| Other Identifiers: | Discussion paper Centre for Economic Policy Research, London 4242 http://hdl.handle.net/10419/3208 ppn:385417152 |
| Appears in Collections: | EconStor |
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