Diversified firms: existence and behaviors
<jats:title>Abstract</jats:title> <jats:p>We propose a micro-founded theory of diversified firms. The theory suggests that diversified firms exist because they allow better deployment of factors that, because of sub-additive contracting costs, are hard to trade in fractions. Fi...
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| Format: | Article |
| Language: | English |
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Cambridge University Press (CUP)
2022
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| Online Access: | https://hdl.handle.net/1721.1/144254 |