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Firms as problem solvers: economics meets computer science

Minseong Kim

MPRA Paper from University Library of Munich, Germany

Abstract: A theory of the firm based on the idea that firms are problem solvers is developed. A network of firms and hierarchical structure of an individual firm are analyzed in terms of distributed and parallel computing. This framework, based on notions of computer science, allows us a simple answer to why a network of firms exists instead of a network of individuals.

Keywords: theory of the firm; vertical integration; parallel computing; distributed computing; synchronization (search for similar items in EconPapers)
JEL-codes: D20 D40 L20 (search for similar items in EconPapers)
Date: 2019-12-01
New Economics Papers: this item is included in nep-bec, nep-com and nep-ore
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