Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/104366 
Authors: 
Year of Publication: 
2012
Series/Report no.: 
Munich Discussion Paper No. 2012-1
Publisher: 
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät, München
Abstract: 
What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to flatter corporate hierarchies and the decentralization of authority in firms, the “war for talent”, the rise of CEO pay in rich countries, organizational convergence across countries, and firm heterogeneity.
Subjects: 
International Trade and Organizations
Firm heterogeneity
Organizational convergence
Decentralization in the firm
The rise of CEO pay
JEL: 
F23
D21
L22
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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