Span of control, transaction costs, and the structure of production chains

• 成果类型: Article
• 署名作者: Kikuchi, Tomoo; Nishimura, Kazuo; Stachurski, John
• 署名单位: National University of Singapore; Kobe University; Australian National University
• 刊物名称: THEORETICAL ECONOMICS
• ISSN/ISSBN: 1555-7561
• DOI: 10.3982/TE2376
• 发表日期: 2018-05-01
• 页码: 729-760
• 关键词: Span of control; firmboundaries; FRAGMENTATION; production chains

摘要

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, firmsizes, 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.