A THEORY OF FIRM SCOPE
The formal literature on firm boundaries has assumed that ex post conflicts are resolved through bargaining. In reality, parties often simply exercise their decision rights. We develop a model, based on shading, in which the use of authority has a central role. We consider two firms deciding whethe...
Main Authors: | Hart, Oliver, Holmstrom, Bengt |
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Other Authors: | Massachusetts Institute of Technology. Department of Economics |
Format: | Article |
Language: | en_US |
Published: |
MIT Press
2010
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Online Access: | http://hdl.handle.net/1721.1/58806 https://orcid.org/0000-0002-4846-1709 |
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