Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/158002
Authors: 
Todorova, Tamara
Year of Publication: 
1999
Citation: 
[Title:] Proceedings of the Contemporary Economic and Financial Problems in the Economy Conference of Young Scholars, June 5, 1998 [Publisher:] Varna University of Economics Publishing House [Place:] Varna
Abstract: 
The paper discusses the role of communication technologies in reducing the costs of using market exchange. It analyzes the comparative effect of new technologies on transactions which take place within and outside the firm using Coase’s postulate of the size of the firm. Technologically innovative firms in which technologies have the effect of essentially reducing the costs of internal organization would expand the size of firms. These are usually communication technologies having the effect of reducing the spatial distribution among factors of production. Communication and other technologies would have the effect of reducing the size of firms when they facilitate market transactions and reduce the costs of carrying out market exchange more than they affect transactions within the firm.
Subjects: 
transaction costs
communication technologies
vertical integration
JEL: 
D21
D23
O31
Document Type: 
Conference Paper

Files in This Item:
File
Size
167.11 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.