Abstract
Abstract Explaining the scope of activities pursued by the modern business enterprise is clearly central to our understanding of the organization of industry. Yet, as Ronald Coase points out, the received theory of industrial organization is unable to explain why General Motors is not a dominant factor in the coal business or why A & P does not manufacture airplanes (Coase (1972, p. 67)).
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Publication Info
- Year
- 1997
- Type
- book-chapter
- Pages
- 103-116
- Citations
- 78
- Access
- Closed
External Links
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Identifiers
- DOI
- 10.1093/oso/9780198781806.003.0009