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
- Part III Implications
- Part IV Empirical Tests
- Part V Foundations
- 14 Endogenously Incomplete Contracts
- 15 Multiple Equilibria and Firm Heterogeneity
- 16 On the Endogenous Amplification of Small Differences
- Part VI Postscript
- Index
- References
15 - Multiple Equilibria and Firm Heterogeneity
from Part V - Foundations
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
- Part III Implications
- Part IV Empirical Tests
- Part V Foundations
- 14 Endogenously Incomplete Contracts
- 15 Multiple Equilibria and Firm Heterogeneity
- 16 On the Endogenous Amplification of Small Differences
- 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. 272 - 283Publisher: Cambridge University PressPrint publication year: 2016
References
Bolton, Patrick, and Dewatripont, Mathias, “The Firm as a Communication Network,” Quarterly Journal of Economics, 109, no. 4, November, 809–40, 1994.Google Scholar
Crawford, Vincent B., and Sobel, Joel, “Strategic Information Transmission,” Econometrica, 50, no. 6, November, 1431–52, 1982.CrossRefGoogle Scholar
Cremer, Jacques, Garicano, Luis, and Prat, Andrea, “Codes in Organizations,” Manuscript, University of Chicago, 2003.Google Scholar
Cyert, Richard M., and March, James G., A Behavioral Theory of the Firm, Englewood Cliffs, NJ: Prentice Hall, 1963.Google Scholar
Dougherty, Deborah, “Interpretative Barriers to Successful Product Innovation in Large Firms,” Organization Science, 3, no.2, May, 179–202, 1992.Google Scholar
Dow, James, “Search Decisions with Limited Memory,” Review of Economic Studies, 58, no.1, January, 1–14, 1991.CrossRefGoogle Scholar
Holland, John H., Holyoak, Keith J., Nisbett, Richard E., and Thagard, Paul R., Induction: Processes of Inference, Learning, and Discovery, Cambridge, MA: MIT Press, 1986.Google Scholar
Kofman, Fred, and Ratliff, James D., “Monologue vs. Dialog in Costly Bilateral Communication,” Journal of Economic Behavior and Organization, 31, no. 1, December, 431–43, 1996.Google Scholar
Kushilevitz, Eyal, and Nisan, Noam, Communication Complexity, Cambridge, UK: Cambridge University Press, 1997.Google Scholar
Lakoff, George, Women, Fire, and Dangerous Things, Chicago, IL: The University of Chicago Press, 1987.Google Scholar
Lewis, Michael, “Focus: Like Zebras and Hyenas,” The Independent, p. 21, April 19, 1998.Google Scholar
Marschak, Jacob, “The Economics of Language,” Behavioral Science, 10, no. 2, April, 135–40, 1965.Google Scholar
Meyer, Margaret A., “Learning from Coarse Information: Biased Contests and Career Profiles,” Review of Economic Studies, 58, no. 1, January, 15–41, 1991.CrossRefGoogle Scholar
Nelson, Richard R., and Winter, Sidney G., An Evolutionary Theory of Economic Change, Cambridge, MA: Harvard University Press, 1982.Google Scholar
Nisan, Noam, and Segal, Ilya, “The Communication Requirements of Efficient Allocations and Supporting Lindahl Price,” Manuscript, Stanford University, 2003.Google Scholar
Polanyi, Michael, Personal Knowledge: Towards a Post-Critical Philosophy, New York, NY: Harper and Row, 1962.Google Scholar
Radner, Roy, “Hierarchy: The Economics of Managing,” Journal of Economic Literature, 30, no. 3, September, 1382–415, 1992.Google Scholar
Rosch, Eleanor (Eleanor Heider), “Natural Categories,” Cognitive Psychology, 4, pp. 328–50, 1973.Google Scholar
Rubinstein, Ariel, “Economics and Language,” Manuscript, School of Economics, Tel Aviv University, 1998.Google Scholar
Shannon, Claude E., and Weaver, Warren, The Mathematical Theory of Communications, Urbana, IL: University of Illinois Press, 1949.Google Scholar
Simester, Duncan I., and Knez, Marc, “Direct and Indirect Bargaining Costs and the Scope of the Firm,” Journal of Business, 75, no. 2, April, pp. 283–302, 2002.Google Scholar
Simon, Herbert A., Administrative Behavior, 3rd edn., New York, NY: The Free Press, 1976.Google Scholar
Tushman, Michael L., “Technical Communication in R&D Laboratories: The Impact of Project Work Characteristics,” Academy of Management Journal, 21, no. 4, 624–45, 1978.CrossRefGoogle Scholar
Van Zandt, Timothy, and Radner, Roy, “Real-Time Decentralized Information Processing and Returns to Scale,” Economic Theory, 17, no. 3, 545–75, 2001.CrossRefGoogle Scholar
Weber, Roberto A., and Camerer, Colin F., “An Experimental Approach to the Study of Organizational Culture,” Management Science, 49, no. 4, April, 400–15, 2003.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.Google Scholar
Wernerfelt, Birger, “Bargaining Before or After Communication?” Journal of Institutional and Theoretical Economics, 164, no. 2, June, pp. 211–29, 2008.Google Scholar