Internal Markets PDF Download

Author: William E. Halal
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 328

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Author: Oliver E. Williamson
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This study analyzes organization of economic activity within and between markets and hierarchies. It considers the transaction to be the ultimate unit of microeconomic analysis, and defines hierarchical transactions as ones for which a single administrative entity spans both sides of the transaction, some form of subordination prevails and, typically, consolidated ownership obtains. Discusses the advantages of the transactional approach by examining three issues: price discrimination, insurance, and vertical integration. Develops the concept of the organizational failure framework, and demonstrates why it is always the combination of human with environmental factors, not either taken by itself, that causes transactional problems. The study also describes each of the transactional relations of interest, and presents the advantages of internal organization with respect to the transactional condition. The analysis explains why primary work groups of the peer group and simple hierarchy types arise. The same transactional factor which impede autonomous contracting between individuals also impede market exchange between technologically separable work groups. Peer groups can be understood as an internal organizational response to the frictions of intermediate product markets, while conglomerate organization can be seen as a response to failures in the capital market. In both contexts, the same human factors, such as bounded rationality and opportunism, occur. Examines the reasons for and properties of the employment relation, which is commonly associated with voluntary subordination. The analysis attempts better to assess the employment relation in circumstances where workers acquire, during the course of the employment, significant job-specific skills and knowledge. The study compares alternative labor-contracting modes and demonstrates that collective organization is helpful in enhancing the acquisition of idiosyncratic knowledge and skills by the work force. The study then examines more complex structures -- the movement from simple hierarchies to the vertical integration of firms, then multidivisional structures, conglomerates, monopolies and oligopolies. Discusses the market structure in relation to technical and organizational innovation. The study proposes a systems approach to the innovation process. Its purpose is to permit the realization of the distinctive advantages of both small and large firms which apply at different stages of the innovation process. The analysis also examines the relation of organizational innovation to technological innovation. (AT).

Author: Stephen Weatherill
Publisher: Oxford University Press
ISBN: 0198794800
Category : Law
Languages : en
Pages : 269

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Book Description
1: The Internal Market as a Legal Concept 2: Finding the Internal Market in the Treaty 3: The Law, Politics, and Economics of the Internal Market 4: Principal Themes and Structure 5: The Internal Market 6: The Internal Market 7: The Personal Scope 8: Justification 9: Creativity in the Gap Between Negative and Positive Law: The Principle of Conferral Unleashed 10: Abuse 11: Fundamental Rights and National Identity in the Internal Market 12: The Internal Market as a Site of Diversity 13: The Legislative Dimension: Harmonization 14: Legislative Competence More Broadly 15: Pre-emption 16: Conclusion.

Author: Eric Kasper
Publisher: Springer Science & Business Media
ISBN: 3790817295
Category : Business & Economics
Languages : en
Pages : 343

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Book Description
Traditionally resources for R and D projects are allocated via planning and budgeting procedures, evaluation methods and hierarchical decision-committees. This book presents resource allocation via internal markets as an alternative to such hierarchical decision procedures. Internal R and D markets can help to overcome the weaknesses of traditional hierarchical structures, since they are characterised by short communication and decision procedures and thus contribute to the reduction of information asymmetries.

Author: George Anderson
Publisher: OUP Canada
ISBN: 9780195447316
Category : Political Science
Languages : en
Pages : 0

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Book Description
Internal Markets and Multi-level Governance breaks new ground in providing a broad comparative study of how internal markets have been managed within federal or multi-level systems. George Anderson has assembled a team of leading experts on the politics and economics of federal systems and set them the task of analyzing the management of internal markets in the United States, Australia, Canada, and Switzerland, as well as the European Union. Though similar economic and political factors often play a role in driving the development of internal markets, outcomes and experiences vary widely depending on individual political and economic circumstances. In the concluding chapter, Anderson attempts to draw some comparative conclusions and highlight potential lessons for policymakers.

Author: Alan M. Rugman
Publisher:
ISBN: 9780231053846
Category : Business & Economics
Languages : en
Pages : 179

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Author: Paul Osterman
Publisher: Mit Press
ISBN: 9780262651059
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
The original essays in this book discuss the origins and importance of these internal labor markets, providing new insights into their changing power and influence.

Author: Peter B. Doeringer
Publisher: M.E. Sharpe
ISBN: 9780765632128
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.

Author: Peter B. Doeringer
Publisher: Routledge
ISBN: 1000161277
Category : Business & Economics
Languages : en
Pages : 219

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Book Description
This book provides a description of a number of institutional features of the U.S. labor market and prompts an analytical debate about the origins of the institutions it describes and their significance for the operation of the U.S. economic system.

Author: Ray Fisman
Publisher: PublicAffairs
ISBN: 1610394933
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
America's economic revolution isn't just driven by technology. It's about markets. The past twenty-five years have witnessed a remarkable shift in how we get the stuff we want. If you've ever owned a business, rented an apartment, or shopped online, you've had a front-row seat for this revolution-in-progress. Breakthrough companies like Amazon and Uber have disrupted the old ways and made the economy work better -- all thanks to technology. At least that's how the story of the modern economy is usually told. But in this lucid, wry book, Ray Fisman and Tim Sullivan show that the revolution is bigger than tech: it is really a story about the transformation of markets. From the auction theories that power Google's ad sales algorithms to the models that online retailers use to prevent internet fraud, even the most high-tech modern businesses are empowered by theory first envisioned by economists. And we're all participants in this revolution. Every time you book a room on Airbnb, hire a car on Lyft, or click on an ad, you too are reshaping our social institutions and our lives. The Inner Lives of Markets is necessary reading for the modern world: it reveals the blueprint for how we work, live, and shop, and offers wisdom for how to do it better.