![]() The second, emerged within Industrial Economics, focuses on market structure (with or without oligopoly). The first, within Organisational Economics, dates back to Coase (1937) and Williamson (1975, 1985, 1991) and treats vertical integration as a response to contractual frictions. The vertical boundaries of the firm have been analysed by two fairly distinct traditions in economics. The growing importance of outsourcing, particularly across national borders, has resulted in a huge increase in interest in the factors determining the vertical boundaries of the firm and the “fragmentation” of the production in both the applied There has been a rapid expansion in outsourcing in recent years, with firms subcontracting activities as diverse as final assembly, R&D and after-sales services – both domestically and internationally. ![]() This paper aims to shed light on the organisational and internationalisation strategies of firms in oligopolistic industries. ![]()
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