The spatial configuration of the firm and the management of sunk costs
In this paper we explain why the modern corporation may persist with a decentralized system of plants differentiated by the vintage of capital and the style of management. Our goal is to show how and why firms are, at once, structured by the inherited configuration of capital and also reproduce diff...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Clark University
1997
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| Subjects: |