Visible Hands: Governance of Value Creation—Within Firms and Beyond

Economic transactions can be divided into (1) those that are priced versus (2) those that are governed by visible hands, and within the latter (2a) those within a single organization versus (2b) those in nonintegrated settings. Nonintegration is not always “the market” [i.e., (1)]. The conventional...

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Bibliographic Details
Main Author: Gibbons, Robert S.
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: American Economic Association 2021
Online Access:https://hdl.handle.net/1721.1/130275