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
An inquiry into the internal market as an ambiguous legal concept, this volume will consider the vertical distributions of competences between the EU and its Member States and the horizontal distribution of powers between the Court and the legislative institutions of the EU.

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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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: 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: Sidney Wilfred Mintz
Publisher:
ISBN:
Category : Markets
Languages : en
Pages : 20

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Author: Dominik Hanf
Publisher: Peter Lang
ISBN: 9789052014241
Category : Business & Economics
Languages : en
Pages : 318

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Book Description
The European Union's internal market is the «hard core» of integration and by far its most precious asset. However a number of deep-seated factors have impeded the development of a systematic and wide-ranging academic research programme dedicated to the internal market. The purpose of this book is to begin to address this predicament with a tri-disciplinary analysis of the internal market, as scant opportunities for mutual understanding and learning across disciplines (law, economics and politics) currently exist. Internal market scholars from all three disciplines collaborated on this project, in which each chapter was read and critiqued by a scholar from a different discipline. The editors trust that this unique exercise reveals to many readers the enormous potential for in-depth and continuous analysis of the internal market and all that it entails. It also provides an accessible text for students and scholars from all three disciplines interested in the internal market.

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: Anna Cretì
Publisher: Cambridge University Press
ISBN: 1107185653
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.