 | Stanley L. Engerman, Robert E. Gallman - 2007 - 898 oldal
...of these employees (and self-employed) who distinguish the firm from the market. As Coase observed: Outside the firm, price movements direct production,...entrepreneur co-ordinator, who directs production. It is clear that these are alternative means of coordinating production. (1937, p. 388) Within the... | |
 | Randy Pearl Albelda, Christopher Eaton Gunn, William Waller - 1987 - 362 oldal
...does not go because of a change in relative prices, but because he is ordered to do so. ... Outside of the firm, price movements direct production, which...of exchange transactions on the market.. . . Within the firm . . . is substituted the entrepreneur-coordinator, who directs production." Indeed, Coase... | |
 | Warren J. Samuels, Steven G. Medema - 1990 - 216 oldal
...modern economic system. ' ' Coordination by the price system is not necessary. ' 'Within a firm . . . market transactions are eliminated, and in place of...structure with exchange transactions is substituted the entrepreneur-co-ordinator, who directs production. It is clear that these are alternative methods of... | |
 | Ingrid Hahne Rima - 1991 - 308 oldal
...the price mechanism and allocate resources by command rather than through price. As Coase puts it: Outside the firm, price movements direct production,...structure with exchange transactions is substituted the entrepreneur-co-ordinator, who directs production.23 Coase's well-known explanation of why this occurs... | |
 | James A. Caporaso, David P. Levine - 1992 - 258 oldal
...within the command structure of the firm. As Ronald Coase put it in "The Nature of the Firm" (1937): Outside the firm, price movements direct production,...structure with exchange transactions is substituted the entrepreneur-co-ordinator who directs production. It is clear that there are alternative methods of... | |
 | Oliver E. Williamson, Sidney G. Winter - 1993 - 260 oldal
...price mechanism, why is such organization necessary? Why are there these "islands of conscious power"? Outside the firm, price movements direct production,...exchange transactions on the market. Within a firm, these markets transactions are eliminated and in place of the complicated market structure with exchange... | |
 | Louis Putterman, Randy Kroszner - 1996 - 404 oldal
...price mechanism, why is such organization necessary? Why are there these "island of conscious power"? Outside the firm, price movements direct production,...structure with exchange transactions is substituted the entrepreneurcoordinator, who directs production.i0 It is clear that these are alternative methods of... | |
 | Peter J. Buckley, Jonathan Michie - 1996 - 498 oldal
...price mechanism, why is such organization necessary? Why are there these 'islands of conscious power'? Outside the firm, price movements direct production,...structure with exchange transactions is substituted the entrepreneur-co-ordinator, who directs production.10 It is clear that these are alternative methods... | |
 | Eric Scherer - 1996 - 432 oldal
...a change in relative prices, but because he is ordered to do so. [...] Within a firm, (the) markets transactions are eliminated and in place of the complicated...structure with exchange transactions is substituted the enterpreneur-coordinator, who directs production. [...] Yet, having regard to the fact that if production... | |
 | Neil M. Kay - 2000 - 346 oldal
...price mechanism, why is such organisation necessary? Why are there these 'islands of conscious power?' Outside the firm, price movements direct production,...series of exchange transactions on the market. Within the firm, these market transactions are eliminated and in place of the complicated market structure... | |
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Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, these market transactions are eliminated and in place of the complicated market structure with exchange... 
