par Legros, Patrick ;Newman, Andrew A.F.
Référence Journal of law, economics, & organization, 30, SUPPL. 1, page (i82-i117)
Publication Publié, 2014
Article révisé par les pairs
Résumé : We review the formal literature in industrial organization (IO) that incorporates organizational models of the firm into the analysis of industry behavior. Although many insights have been generated, this organizational industrial organization is still in its early stages: a complete theory of the relationship between organizational design and traditional IO variables such as price, quantity, or welfare has yet to be developed. We show how the insights emanating from the incomplete contract literature can be used to address these questions and others of interest to both IO and organization economists: endogenous heterogeneity; the role of liquidity and surplus division in organizational design; the relationship between product price, industry supply, and organizational choices; the response of industry supply to shocks in fundamentals. (JEL D21, D41, D86, L14, L2) © 2014 The Author 2014. Published by Oxford University Press on behalf of Yale University. All rights reserved.