Coordination, marché et organisation. Essai sur l'efficacité et la stabilité des économies de marché

Jean-Luc Gaffard

Revue de l'OFCE, 2003, vol. 85, issue 2, 235-270

Abstract: Various forms of de-integration coupled with a management focusing on the shareholder value have characterized the recent evolution of industrial structures. This movement is presented as a mechanism that would result in more efficiency and stability for the market economies. However, firms and networks remained an essential locus of creation of knowledge, being able to matching their own system of coordination and control to the technological opportunities. On the other hand, market flexibility may have failed to maintain stability at the industry level and to really promote innovation. This points at innovation as a systemic and distributed phenomenon, even from the single firm?s viewpoint. Thus, the required rules of governance cannot be but a blend of market and organizational forces that evolves over time with the objective of keeping viable innovation processes.

Date: 2003
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Working Paper: Coordination, marché et organisation. Essai sur l'efficacité et la stabilité des économies de marché (2003)
Working Paper: Coordination, marché et organisation. Essai sur l'efficacité et la stabilité des économies de marché (2003)
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