Show simple item record

dc.contributor.authorGibbons, Robert S.
dc.date.accessioned2021-03-30T14:31:17Z
dc.date.available2021-03-30T14:31:17Z
dc.date.issued2020-05
dc.identifier.issn2574-0768
dc.identifier.issn2574-0776
dc.identifier.urihttps://hdl.handle.net/1721.1/130275
dc.description.abstractEconomic transactions can be divided into (1) those that are priced versus (2) those that are governed by visible hands, and within the latter (2a) those within a single organization versus (2b) those in nonintegrated settings. Nonintegration is not always “the market” [i.e., (1)]. The conventional distinction between markets versus firms, (1) versus (2a), is misleading. The fundamental distinction is between transactions that are priced versus those that are governed, (1) versus (2). Unifying (2a) with (2b) highlights their commonalities and suggests directions for future research, especially the problem of building (not selecting) an equilibrium.en_US
dc.language.isoen
dc.publisherAmerican Economic Associationen_US
dc.relation.isversionofhttp://dx.doi.org/10.1257/pandp.20201066en_US
dc.rightsArticle is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.en_US
dc.sourceAmerican Economic Associationen_US
dc.titleVisible Hands: Governance of Value Creation—Within Firms and Beyonden_US
dc.typeArticleen_US
dc.identifier.citationGibbons, Robert. "Visible Hands: Governance of Value Creation—Within Firms and Beyond." American Economic Association Papers and Proceedings 110 (May 2020): 172-176.en_US
dc.contributor.departmentSloan School of Managementen_US
dc.relation.journalAmerican Economic Association Papers and Proceedingsen_US
dc.eprint.versionFinal published versionen_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2021-03-16T14:58:38Z
dspace.orderedauthorsGibbons, Ren_US
dspace.date.submission2021-03-16T14:58:39Z
mit.journal.volume110en_US
mit.licensePUBLISHER_POLICY


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record