Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197162
Authors: 
Kikuchi, Tomoo
Nishimura, Kazuo
Stachurski, John
Year of Publication: 
2018
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 13 [Year:] 2018 [Issue:] 2 [Pages:] 729-760
Abstract: 
This paper builds coordination costs, transaction costs, and other aspects of the theory of the firm into a production chain model with an infinite number of ex ante identical producers. The equilibrium determines prices, allocations of productive tasks across firms, firm sizes, and the number of active firms. These prices and allocations match several stylized facts on firm boundaries, vertical integration, and division of the value chain.
Subjects: 
Span of control
firm boundaries
fragmentation
production chains
JEL: 
C62
C63
L11
L16
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc/4.0/
Document Type: 
Article
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