Lindbeck, Assar; Snower, Dennis - Institute for International Economic Studies (IIES), … - 2003
This paper presents a new approach to the theory of the firm by identifying factor complementarities as central to the … determination of the firm’s boundaries. The factor complementarities may take a variety of forms: technological and informational … transactions costs. In so doing, we must abandon the standard dichotomy between the determinants of plant size and firm size. The …