haku: @author Friedman, D. / yhteensä: 11
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| Tekijä: | Friedman, D. Fung, K. |
| Otsikko: | International trade and the internal organization of firms: an evolutionary approach |
| Lehti: | Journal of International Economics
1996 : AUG, VOL. 41:1/2, p. 113-138 |
| Asiasana: | INTERNATIONAL MARKETS COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | Masahiko Aoki and others have distinguished two alternative modes for a firm's internal organization. The authors argue that the profitability of each mode depends on the distribution of firms across modes and on the general economic environment. They characterize the evolutionary equilibria in both a parametric and a general model, and argue that corner equilibria in both a parametric and a general model, and argue that corner equilibria predominate. The most striking conclusion is that in case a less efficient mode can displace a more efficient mode when trade barriers are sufficiently low. |
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