Difference between revisions of "PHDBA602 (Theory of the Firm)"

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==Papers==
 
==Papers==
  
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The following papers are suggested as a starting point:
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The following papers were suggested as a starting point:
 
*[[Grossman Hart (1986) - The Costs And Benefits Of Ownership |Grossman, Sanford J. and Oliver D. Hart (1986)]], "The Costs and Benefits of Ownership: A Theory of Vertical Integration", Journal of Political Economy, vol.94, pp. 691-719. [http://www.edegan.com/pdfs/Grossman%20Hart%20(1986)%20-%20The%20Costs%20and%20Benefits%20of%20Ownership.pdf pdf]
 
*[[Grossman Hart (1986) - The Costs And Benefits Of Ownership |Grossman, Sanford J. and Oliver D. Hart (1986)]], "The Costs and Benefits of Ownership: A Theory of Vertical Integration", Journal of Political Economy, vol.94, pp. 691-719. [http://www.edegan.com/pdfs/Grossman%20Hart%20(1986)%20-%20The%20Costs%20and%20Benefits%20of%20Ownership.pdf pdf]
 
*[[Holmstrom Milgrom (1991) - Multi Task Principal Agent Analyses |
 
*[[Holmstrom Milgrom (1991) - Multi Task Principal Agent Analyses |
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The Handbook of Industrial Organization (1989) also provides a chapter on the theory of the firm:
 
The Handbook of Industrial Organization (1989) also provides a chapter on the theory of the firm:
 
*Holmstrom, Bengt R. and Jean Tirole (1989), "Chapter 2 The theory of the firm", In: Richard Schmalensee and Robert Willig, Editor(s), Handbook of Industrial Organization, Elsevier, Volume 1, Pages 61-133. [http://www.edegan.com/pdfs/Holmstrom%20Tirole%20(1989)%20-%20Chapter%202%20The%20Theory%20Of%20The%20Firm pdf]
 
*Holmstrom, Bengt R. and Jean Tirole (1989), "Chapter 2 The theory of the firm", In: Richard Schmalensee and Robert Willig, Editor(s), Handbook of Industrial Organization, Elsevier, Volume 1, Pages 61-133. [http://www.edegan.com/pdfs/Holmstrom%20Tirole%20(1989)%20-%20Chapter%202%20The%20Theory%20Of%20The%20Firm pdf]
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 +
Centralization/Decentralization:
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*[[Bolton Farrell (1990) - Decentralization Duplication And Delay |Bolton, Patrick and Joseph Farrell (1990)]], "Decentralization, Duplication And Delay," Journal of Political Economy, 98, pp. 803-26. [http://www.edegan.com/pdfs/Bolton%20Farrell%20(1990)%20-%20Decentralization%20Duplication%20And%20Delay.pdf pdf]
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*[[Alonso Dessein Matouschek (2008) - When Does Coordination Require Centralization| Alonso, Ricardo, Wouter Dessein and Niko Matouschek (2008)]], "When Does Coordination Require Centralization?" American Economic Review, Vol. 98(1), pp. 145-179. [http://www.edegan.com/pdfs/Alonso%20Dessein%20Matouschek%20(2008)%20-%20When%20Does%20Coordination%20Require%20Centralization.pdf pdf]
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Firm Boundaries:
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*[[Holmstrom Roberts (1999) - The Boundaries Of The Firm Revisited| Holmstrom, Bengt and John Roberts (1999)]], "The Boundaries Of The Firm Revisited," Journal of Economic Perspectives, Vol. 12(4), Pages 73-94 [http://www.edegan.com/pdfs/Holmstrom%20Roberts%20(1999)%20-%20The%20Boundaries%20Of%20The%20Firm%20Revisited.pdf pdf]
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*[[Holmstrom (1999) - The Firm As A Subeconomy| Holmstrom, Bengt (1999)]], "The Firm As A Subeconomy", Journal of Law, Economics, and Organization Vol. 15, Issue 1, pp. 74-102. [http://www.edegan.com/pdfs/Holmstrom%20(1999)%20-%20The%20Firm%20As%20A%20Subeconomy.pdf pdf]
  
 
==Background Literature==
 
==Background Literature==

Revision as of 15:50, 15 November 2010

PHDBA602 is a (for credit) Directed Studies course, that doctoral students can use to develop their own courses with a professor. This page provides information about a directed study course with Steve Tadelis on that centers arounds models that provide theories of the firm.

Format

The format is:

  • One, perhaps two, models per class
  • One class per week, with a timeslot TBD.
  • The student will write up the model ahead of time (on this wiki)
  • The class will be used to:
    • Discuss intricacies of the model
    • Discuss modelling choices, with a view to helping the student understand how to build models
    • Place the model in the context of the broader literature

Papers

The following papers were suggested as a starting point:

The Handbook of Industrial Organization (1989) also provides a chapter on the theory of the firm:

  • Holmstrom, Bengt R. and Jean Tirole (1989), "Chapter 2 The theory of the firm", In: Richard Schmalensee and Robert Willig, Editor(s), Handbook of Industrial Organization, Elsevier, Volume 1, Pages 61-133. pdf

Centralization/Decentralization:

Firm Boundaries:

Background Literature

The following papers provide seminal background material:

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