Reference points and the theory of the firm
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Author
Contributions
- National Bureau of Economic Research - Contributor
Publication
2007 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Word Count
0 words, Guess
Page Count
0 pages
Physical Format
Electronic resource
Identifiers
- Library of Congress Control Number2007616612
- Open LibraryOL31800499M
Classifications
- LCCHB1
Description
"In this article I argue that it has been hard to make progress on Coase's theory of the firm agenda because of the difficulty of formalizing haggling costs. I propose an approach that tries to move things forward using the idea of aggrievement costs, and apply it to the question of whether a transaction should be placed inside a firm (in-house production) or in the market place (outsourcing)"--National Bureau of Economic Research web site.
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