The Theory of the Firm: Specialization and Learning

Kirsten Foss () and Nicolai J. Foss ()
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Kirsten Foss: Norwegian School of Economics
Nicolai J. Foss: Copenhagen Business School

Chapter Chapter 8 in Economic Microfoundations of Strategic Management, 2022, pp 185-213 from Springer

Abstract: Abstract Specialization and property rights are closely linked. When the changing division of labor implies changes to specialization, coordination problems arise and property rights need to be re-allocated. The firm is a low-cost mechanism for doing this. Thus, Coase’s analysis of the firm can be linked to the division of labor by means of the property rights lens.

Date: 2022
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DOI: 10.1007/978-3-031-12910-0_8

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