Langlois, Richard N; Foss, Nicolai J - In: Kyklos 52 (1999) 2, pp. 201-18
This paper argues that, since Ronald H. Coase's seminal 1937 paper on 'The Nature of the Firm,' the economics of organization has focused too exclusively on issues of incentive alignment and has ignored issues of imperfect knowledge in production. However, there is now emerging an approach to...