The implications of extended and intensive use of near field communications (NFC) are far reaching for new business applications, for the delivery of public services such as transport, and for public policy. This technology is transformative for a large number of applications and has stimulated...

While the conditions of production give some guidance to what factor groupings are desirable ceteris paribus, they do not determine the boundaries of a neoclassical firm (a legal entity with a residual claimant). Indeed, they could just as well be related to other groupings, such as geographical...