Questions relating to the existence and nature of firms have become major issues in economics in recent years. The agenda in this area has been largely set by transaction cost economics (Coase, Williamson) - an approach which provides a basis for explaining the boundaries and structure of the firm in a variety of contexts. This widely-acclaimed book, appearing in paperback for the first time, follows the agenda set by transaction cost economics, but looks in particular at the relations between firms.
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