{"product_id":"9789048146482","title":"Division of Labor, Variability, Coordination, and the Theory of Firms and Markets","description":"\u003ch1\u003eDivision of Labor, Variability, Coordination, and the Theory of Firms and Markets\u003c\/h1\u003e \u003ch2\u003eCamacho, A.\u003c\/h2\u003e \u003cp\u003eA new approach to explaining the existence of firms and  markets, focusing on \u003cem\u003evariability\u003c\/em\u003e and \u003cem\u003ecoordination\u003c\/em\u003e. It  stands in contrast to the emphasis on transaction costs, and on  monitoring and incentive structures, which are prominent in most of  the modern literature in this field. This approach, called the  variability approach, allows us to: show why both the need for  communication and the coordination costs increase when the division of  labor increases; explain why, while the firm relies on direction, the  market does not; rigorously formulate the optimum divisionalization  problem; better understand the relationship between technology and  organization; show why the `size' of the firm is limited; and to  refine the analysis of whether the existence of a sharable input, or  the presence of an external effect leads to the emergence of a firm.  \u003cbr\u003e  The book provides a wealth of insights for students and professionals  in economics, business, law and organization.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2010-12-07\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9789048146482\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-015-8658-0\u003c\/p\u003e \u003cp\u003eDimensions: 240.0cm x160.0cm\u003c\/p\u003e \u003cp\u003ePages: 154.0\u003c\/p\u003e ","brand":"Springer Netherlands","offers":[{"title":"Default Title","offer_id":44481601634444,"sku":"9789048146482","price":98.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9789048146482.jpg?v=1757636237","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9789048146482","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}