On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts
We study the division of labor within production systems and look for the optimal grouping of tasks into firms. Using a unique dataset on the global automobile industry, we present evidence consistent with the prediction that pairs of tasks requiring more frequent mutual adaptation are more likely t...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Wiley-Blackwell Pubishers
2013
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| Online Access: | http://hdl.handle.net/1721.1/77919 https://orcid.org/0000-0003-0009-6236 |
| _version_ | 1826213616364290048 |
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| author | Novak, Sharon (Economist) Wernerfelt, Birger |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Novak, Sharon (Economist) Wernerfelt, Birger |
| author_sort | Novak, Sharon (Economist) |
| collection | MIT |
| description | We study the division of labor within production systems and look for the optimal grouping of tasks into firms. Using a unique dataset on the global automobile industry, we present evidence consistent with the prediction that pairs of tasks requiring more frequent mutual adaptation are more likely to be performed by the same firm. By taking account of interdependencies between tasks, our econometric approach generalizes standard make-or-buy analysis and yields improvements in predictive accuracy. |
| first_indexed | 2024-09-23T15:52:05Z |
| format | Article |
| id | mit-1721.1/77919 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T15:52:05Z |
| publishDate | 2013 |
| publisher | Wiley-Blackwell Pubishers |
| record_format | dspace |
| spelling | mit-1721.1/779192022-10-02T04:42:49Z On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts Novak, Sharon (Economist) Wernerfelt, Birger Sloan School of Management Wernerfelt, Birger Wernerfelt, Birger Novak, Sharon (Economist) We study the division of labor within production systems and look for the optimal grouping of tasks into firms. Using a unique dataset on the global automobile industry, we present evidence consistent with the prediction that pairs of tasks requiring more frequent mutual adaptation are more likely to be performed by the same firm. By taking account of interdependencies between tasks, our econometric approach generalizes standard make-or-buy analysis and yields improvements in predictive accuracy. 2013-03-15T18:33:37Z 2013-03-15T18:33:37Z 2012-01 2008-12 Article http://purl.org/eprint/type/JournalArticle 1058-6407 1530-9134 http://hdl.handle.net/1721.1/77919 Novak, Sharon (Economist), and Birger Wernerfelt. “On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts.” Journal of Economics & Management Strategy 21.1 (2012): 53–77. CrossRef. Web. https://orcid.org/0000-0003-0009-6236 en_US http://dx.doi.org/10.1111/j.1530-9134.2011.00322.x Journal of Economics & Management Strategy Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf Wiley-Blackwell Pubishers Prof. Wernerfelt via Alex Caracuzzo |
| spellingShingle | Novak, Sharon (Economist) Wernerfelt, Birger On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts |
| title | On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts |
| title_full | On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts |
| title_fullStr | On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts |
| title_full_unstemmed | On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts |
| title_short | On the Grouping of Tasks into Firms: Make-or-Buy with Interdependent Parts |
| title_sort | on the grouping of tasks into firms make or buy with interdependent parts |
| url | http://hdl.handle.net/1721.1/77919 https://orcid.org/0000-0003-0009-6236 |
| work_keys_str_mv | AT novaksharoneconomist onthegroupingoftasksintofirmsmakeorbuywithinterdependentparts AT wernerfeltbirger onthegroupingoftasksintofirmsmakeorbuywithinterdependentparts |