Titlebook: Division of Labor, Variability, Coordination, and the Theory of Firms and Markets; A. Camacho Book 1996 Springer Science+Business Media B.

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Djedjiga Mouheb,Sohail Abbas,Madjid Merabtiole of adaptation and coordination costs in explaining U-shaped cost curves and in determining optimal firm size, where size is defined as the number of individuals participating in the activity of the firm.

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978-90-481-4648-2Springer Science+Business Media B.V. 1996

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Variability and the Logic of Firms, Markets, and other Arrangements,and used only to justify that agreements were reached regarding the production of units of products to be carried out during the subsequent production period. The focus was on analyzing what determines the “scopes” of firms.

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Concluding Remarks,r research, and (3) indicating how the variability approach can be used together with the transaction cost approach to deal with opportunistic behavior, monitoring, incentive structures, and other issues prominent in transaction cost analysis literature to create a complete theory of firms and markets.