Changes

===IntroductionGeneral Overviews===*Gibbons, Robert (2005), "Four formal(izable) theories of the firm?", Journal of Economic Behavior & Organization, vol. 58, pp.200-245. [http://www.edegan.com/pdfs/Gibbons%20(2005)%20-%20Four%20formalizable%20theories%20of%20the%20firm.pdf pdf] [[Gibbons (2005) - Four Formalizable Theories Of The following papers were suggested as a starting pointFirm |(stub)]]*Holmstrom, Bengt R. and Jean Tirole (1989), "Chapter 2 The theory of the firm", In: Richard Schmalensee and Robert Willig, Editor(s), Handbook of Industrial Organization, Elsevier, Volume 1, Pages 61-133. [http://www.edegan.com/pdfs/Holmstrom%20Tirole%20(1989)%20-%20Chapter%202%20The%20Theory%20Of%20The%20Firm pdf] ===Background Literature===*Alchian, Armen A. and Harold Demsetz (1972), "Production, Information Costs, and Economic Organization", The American Economic Review, Vol. 62, No. 5. (Dec.), pp. 777-795 [http://www.edegan.com/pdfs/Alchian%20Demsetz%20(1972)%20-%20Production%20Information%20Costs%20and%20Economic%20Organization.pdf pdf] [[Grossman Hart Alchian Demsetz (19861972) - The Production Information Costs And Benefits Of Ownership Economic Organization |Grossman(stub)]]*Coase, Ronald (1937), "The Nature of the Firm", Sanford JEconomica. [http://www.edegan. and Oliver Dcom/pdfs/Coase%20(1937)%20-%20The%20Nature%20of%20the%20Firm. Hart pdf pdf] [[Coase (1937) - The Nature Of The Firm |(1986stub)]] ===Transaction Cost Economics===*Klein, Benjamin Robert, G. Crawford, "The Costs and Benefits of Ownership: Armen A Theory of . Alchian (1978), "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process", Journal of Political EconomyLaw and Economics, Vol. 21, volNo. 2. (Oct.94), pp. 691297-719. 326 [http://www.edegan.com/pdfs/GrossmanKlein%20Crawford%20Hart20Alchian%20(19861978)%20-%20The20Vertical%20Integration%20Appropriable%20Costs20Rents%20and%20Benefits20the%20Competitive%20Contracting%20Process.pdf pdf] [[Klein Crawford Alchian (1978) - Vertical Integration Appropriable Rents And The Competitive Contracting Process |(stub)]]*[[Williamson (1971) - The Vertical Integration Of Production |Williamson, Oliver E. (1971)]], "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, 61:112-23. [http://www.edegan.com/pdfs/Williamson%20(1971)%20-%20The%20Vertical%20Integration%20of%20Ownership20Production.pdf pdf]*[[Williamson (1979) - Transaction Cost Economics |Williamson, Oliver (1979)]], "Transaction-Cost Economics: The Governance of Contractual Relations", Journal of Law and Economics, Vol. 22, No. 2. (Oct.), pp. 233-261. [http://www.edegan.com/pdfs/Williamson%20(1979)%20-%20Transaction%20Cost%20Economics.pdf pdf]*[[Holmstrom Milgrom Williamson (1991) - Multi Task Principal Agent Analyses Comparative Economic Organization The Analysis Of Discrete Structural Alternatives |HolmstromWilliamson, Bengt and Paul Milgrom Oliver (1991)]], "MultiComparative Economic Organization: The Analysis of Discrete Structural Alternatives", Administrative Science Quarterly, Vol. 36, No. 2. pp. 269-296 [http://www.edegan.com/pdfs/Williamson%20(1991)%20-Task Principal%20Comparative%20Economic%20Organization%20The%20Analysis%20of%20Discrete%20Structural%20Alternatives.pdf pdf]*[[Williamson (1999) -Agent Analyses: Linear ContractsPublic And Private Bureaucracies |Williamson, Oliver E. (1999)]], Asset Ownership "Public and Job DesignPrivate Bureaucracies: A Transaction Costs Economics Perspective", Journal of Law, Economics and Organization, Vol15, March pp. 306-342. [http://www.edegan.com/pdfs/Williamson%20(1999)%20-%20Public%20and%20Private%20Bureaucracies.pdf pdf] ===Property Rights Model===*Grossman, Sanford J. and Oliver D. Hart (1986), "The Costs and Benefits of Ownership: A Theory of Vertical Integration", Journal of Political Economy, vol. 794, pp. 24691-52719. [http://www.edegan.com/pdfs/HolmstromGrossman%20Milgrom20Hart%20(19911986)%20-%20Multi20The%20Costs%20Task20and%20Principal20Benefits%20Agent20of%20Analyses20Ownership.pdf pdf]*[[Gibbons Grossman Hart (20051986) - Four Formalizable Theories The Costs And Benefits Of The Firm Ownership |Gibbons, Robert (2005stub)]]*Hart, "Four formalOliver and John Moore (izable1990) theories , "Property Rights and the Nature of the firm?Firm", The Journal of Economic Behavior & OrganizationPolitical Economy, Vol. 98, No. 6, volDec. 58, pp.2001119-245. 1158 [http://www.edegan.com/pdfs/GibbonsHart%20Moore%20(20051990)%20-%20Four20Property%20Rights%20and%20formalizable20the%20theories20Nature%20of%20the%20firm20Firm.pdf pdf] [[Hart Moore (1990) - Property Rights and the Nature of the Firm|(stub)]]

The Handbook of Industrial Organization (1989) also provides a chapter on the theory of the firm:===Multi-tasking===*Holmstrom, Bengt R. and Jean Tirole Paul Milgrom (19891991), "Chapter 2 The theory of the firm"Multi-Task Principal-Agent Analyses: Linear Contracts, In: Richard Schmalensee Asset Ownership and Robert WilligJob Design", Editor(s)Journal of Law, Handbook of Industrial Economics and Organization, ElsevierVol. 7, Volume 1, Pages 61pp. 24-13352. [http://www.edegan.com/pdfs/Holmstrom%20Tirole20Milgrom%20(19891991)%20-%20Chapter20Multi%20220Task%20The20Principal%20Theory20Agent%20Of%20The%20Firm 20Analyses.pdf pdf] [[Holmstrom Milgrom (1991) - Multi Task Principal Agent Analyses |(stub)]]

===Centralization/Decentralization:===

===Firm Boundaries:===

==Background Literature=Adaptation=== The following papers provide seminal background material:*[[Alchian Demsetz Dessein Santos (19722006) - Production Information Costs And Economic Organization Adaptive Organizations |AlchianDessein, Armen A. Wouter and Harold Demsetz Tano Santos (19722006)]], "ProductionAdaptive Organizations", Information Costs, and Economic Organization"Journal of Political Economy, The American Economic Review2006, Volvol. 62114, Nono. 5. (Dec.), ppDOI: 10. 777-795 1086/508031 [http://www.edegan.com/pdfs/AlchianDessein%20Demsetz20Santos%20(19722006)%20-%20Production20Adaptive%20Information%20Costs%20and%20Economic%20Organization.pdf 20Organizations pdf]*[[Coase Bajari Tadelis (19372001) - The Nature Of The Firm Incentives versus Transaction Costs A Theory of Procurement Contracts|CoaseBajari, Ronald Patrick and Steven Tadelis (19372001)]], "The Nature Incentives versus Transaction Costs: A Theory of the FirmProcurement Contracts", Economica. [http://www.edegan.com/pdfs/Coase%20(1937)%20-%20The%20Nature%20of%20the%20Firm.pdf pdf]*[[Klein Crawford Alchian (1978) - Vertical Integration Appropriable Rents And The Competitive Contracting Process |Klein, Benjamin Robert, G. Crawford, and Armen A. Alchian (1978)]], "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process", RAND Journal of Law and Economics, Vol. 2132, No. 2. (Oct.)3, Autumn, pp. 297387-326 407 [http://www.edegan.com/pdfs/Klein%20CrawfordBajari%20Alchian20Tadelis%20(19782001)%20-%20Vertical20Incentives%20Integration20versus%20Appropriable20Transaction%20Rents20Costs%20and20A%20the20Theory%20Competitive%20Contracting%20Process.pdf pdf]*[[Williamson (1971) - The Vertical Integration Of Production |Williamson, Oliver E. (1971)]], "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, 61:112-23. [http://www.edegan.com/pdfs/Williamson20of%20(1971)20Procurement%20-%20The%20Vertical%20Integration%20of%20Production.pdf 20Contracts pdf]