The Economics of Diversification

Edith Penrose

in The Theory of the Growth of the Firm

Third edition

Published in print September 1995 | ISBN: 9780198289777
Published online November 2003 | e-ISBN: 9780191596759 | DOI:
 The Economics of Diversification

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This chapter examines the relation between diversification and competition. It begins with a discussion on the meaning of diversification and the opportunities that induce it. It then looks into specific opportunities for diversification, the role of acquisition, the role of competition, diversification as a solution to specific problems, vertical integration, and the firm as a pool of resources.

Keywords: diversification; competition; firms; acquisition; vertical integration

Chapter.  21518 words. 

Subjects: Microeconomics

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