The intermediation theory of the firm: integrating economic and management approaches to strategy

Daniel Spulber

Managerial and Decision Economics, 2003, vol. 24, issue 4, 253-266

Abstract: Economic and management perspectives on management strategy can and should be integrated. The intermediation theory of the firm and models of market microstructure provide a basis for advancing the integration of management and economics perspectives. In particular, the theory allows for a combination of economic approaches such as Porter's work on competitive strategy with management approaches such as work on the abilities and resources of the organization. The article presents a unified strategy framework based on transaction costs and the intermediation theory of the firm. Copyright © 2003 John Wiley & Sons, Ltd.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:24:y:2003:i:4:p:253-266

DOI: 10.1002/mde.1120

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