Organizational Design, Technology and the Boundaries of the Firm

نویسندگان

  • Maija Halonen
  • Metin Cosgel
  • David de Meza
  • Edward Lazear
  • Mariano Selvaggi
چکیده

Focus — specialization and speciÞc technology — improves productivity but leads to more dependency and opens a door for power problems. We analyze how organizational design and the choice of technology interact with the allocation of ownership in minimizing the holdup problem in the property rights theory of Grossman-Hart-Moore. We Þnd a novel motive for job rotation: rotation reduces holdup problems in an integrated Þrm. We also show that holdup problem in speciÞc physical capital is removed in the integrated Þrm while holdups in speciÞc human capital remain. JEL classiÞcation: D23, L22

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تاریخ انتشار 2002