Chapter

The Shape of the 21st-Century Firm

Mia de Kuijper

in Profit Power Economics

Published in print October 2009 | ISBN: 9780195171631
Published online February 2010 | e-ISBN: 9780199871353 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195171631.003.0009
 The Shape of the 21st-Century Firm

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A nexus of focused companies glued together by power relationships will replace vertical integration as the prevailing archetype for the firm. This chapter proposes a new theory of the firm and a new approach to industrial organization that is more comprehensive than that of previous authors. The chapter reviews previous research, e.g., Limits of the Organization by Kenneth Arrow; Markets and Hierarchies by Oliver Williamson; Co-opetition by B. Nalebuff.

Keywords: 21st-century firm; nexus of relationships; vertical integration; archetype; firm; theory of the firm; industrial organization; arrow; hierarchies and markets; co-opetition; comprehensive

Chapter.  6211 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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