search query: @indexterm internal markets / total: 21
reference: 4 / 21
| Author: | Ellig, J. |
| Title: | Internal markets and the theory of the firm |
| Journal: | Managerial and Decision Economics
2001 : JUN-AUG, VOL. 22:4-5, p. 227-237 |
| Index terms: | FIRM (THEORY OF) INTERNAL MARKETS |
| Freeterms: | MEMBERSHIP |
| Language: | eng |
| Abstract: | A growing number of companies are explicitly replacing bureaucratic internal resource allocation with internal markets. But if markets work well within firms, why are there firms at all? Why does not all allocation take place on "external" markets? This paper seeks to resolve this apparent anomaly by viewing the firm as a membership club rather than as a command structure. |
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