Book contents
- Adaptation, Specialization, and the Theory of the Firm
- Adaptation, Specialization, and the Theory of the Firm
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- Part I Agenda
- Part II The Main Argument
- 3 Adaptation Costs in One Dimension
- 4 Adaptation Costs in Three Dimensions
- 5 All Adaptations Are Not the Same
- 6 Resources and the Scope of the Firm
- Part III Implications
- Part IV Empirical Tests
- Part V Foundations
- Part VI Postscript
- Index
- References
5 - All Adaptations Are Not the Same
The Scope of Firms and the Size of Markets
from Part II - The Main Argument
Published online by Cambridge University Press: 03 November 2016
Book contents
- Adaptation, Specialization, and the Theory of the Firm
- Adaptation, Specialization, and the Theory of the Firm
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Preface
- Part I Agenda
- Part II The Main Argument
- 3 Adaptation Costs in One Dimension
- 4 Adaptation Costs in Three Dimensions
- 5 All Adaptations Are Not the Same
- 6 Resources and the Scope of the Firm
- Part III Implications
- Part IV Empirical Tests
- Part V Foundations
- Part VI Postscript
- Index
- References
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- Adaptation, Specialization, and the Theory of the FirmFoundations of the Resource-Based View, pp. 83 - 100Publisher: Cambridge University PressPrint publication year: 2016
References
Atalay, Enghin, Hortacsu, Ali, and Syverson, Chad, “Vertical Integration and Input Flows,” American Economic Review, 104, no. 4, April, 1120–48, 2014.Google Scholar
Conner, Kathleen R., “A Historical Comparison of Resource-Based Theory and Five Schools of Thought within Industrial Organization Economics: Do We Have a New Theory of the Firm?” Journal of Management, 17, no. 1, March, 121–54, 1991.CrossRefGoogle Scholar
Holmstrom, B., and Milgrom, P., “The Firm as an Incentive System,” American Economic Review, 84, September, 972–91, 1994.Google Scholar
Maciejovsky, Boris, and Wernerfelt, Birger, “Costs of Implementation: Bargaining Costs versus Allocative Efficiency,” Journal of Economic Behavior and Organization, 77, no. 3, March, 318–25, 2011.Google Scholar
Montgomery, Cynthia A., and Hariharan, Sam, “Diversified Expansion by Large Established 1959. Firms,” Journal of Economic Behavior and Organization, 15, no. 1, 71–89, 1991.CrossRefGoogle Scholar
Montgomery, Cynthia A., and Wernerfelt, Birger, “Diversification, Ricardian Rents, and Tobin’s q,” RAND Journal of Economics, 19, no. 4, Winter, 623–32, 1988.CrossRefGoogle Scholar
Penrose, Edith, A Theory of the Growth of the Firm, New York, NY: John Wiley and Sons, 1959.Google Scholar
Rosen, Sherwin, “Substitution and the Division of Labor,” Economica, 45, no. 179, August, 235–50, 1978.CrossRefGoogle Scholar
Sappington, David, and Wernerfelt, Birger, “To Brand or Not to Brand? A Theoretical and Empirical Question,” Journal of Business, 58, no. 3, July, 279–93, 1985.Google Scholar
Simon, Herbert A., “A Formal Theory of the Employment Relationship,” Econometrica, 19, July, 293–305, 1951.Google Scholar
Stigler, George J., “The Division of Labor is Limited by the Extent of the Market,” Journal of Political Economy, 59, no. 3, June, 185–93, 1951.Google Scholar
Teece, David J., “Towards an Economic Theory of the Multi-Product Firm,” Journal of Economic Behavior and Organization, 3, no. 1, March, 39–63, 1982.CrossRefGoogle Scholar
Tullock, Gordon, “The Welfare Costs of Tariffs, Monopolies, and Theft,” Western Economic Journal, 5, no. 3, June, 224–32, 1967.Google Scholar
Wernerfelt, Birger, “On the Nature and Scope of the Firm: An Adjustment-Cost Theory,” Journal of Business, 70, no. 4, October, 489–514, 1997.CrossRefGoogle Scholar
Wernerfelt, Birger, “The Comparative Advantages of Firms, Markets, and Contracts: A Unified Theory,” Economica, 82, April, 350–67, 2015.Google Scholar
Wernerfelt, Birger, “A Resource-based View of the Firm,” Strategic Management Journal, 5, 171–80, 1984.CrossRefGoogle Scholar
Wernerfelt, Birger, and Montgomery, Cynthia A., “Tobin’s q and the Importance of Focus in Firm Performance,” American Economic Review, 78, no. 1, March, 246–50, 1988.Google Scholar
- 2
- Cited by