FIRMS' BOUNDARIES AND THE DIVISION OF LABOR: EMPIRICAL STRATEGIES
成果类型：
Article
署名作者：
Garicano, Luis; Hubbard, Thomas N.
署名单位：
National Bureau of Economic Research
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/154247603322391134
发表日期：
2003
页码：
495-502
关键词：
摘要：
A large theoretical literature focuses on the question: What determines firms' boundaries? Recently, Garicano and Santos and Holmstrom and Milgrom have proposed theories in which firms' boundaries reflect the division of labor across individuals. This paper discusses strategies for generating and testing empirical propositions from this emerging class of theories. We propose that variation in the returns to specialization is extremely useful to test and quantify the effect of the division of labor on firms' boundaries. We discuss the use of two shifters to the returns to specialization, and relate how we exploit one of these, market size, in preliminary work on the determinants of law firms' boundaries in the United States. (JEL: L14, L22, L24, L84)
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