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Cited by 1,176

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

The Boundaries of the Firm Revisited

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Holmström, Bengt, Roberts, John·1998·Journal of Economic Perspectives

Abstract

Both transaction cost-economics and property-rights theories offer explanations of the boundaries of the firm based on ideas of ex post bargaining and holdup. These theories are quite distinct in their empirical predictions, but neither offers a satisfactory account of a large variety of observed practices. The authors discuss a number of such examples, where the boundaries of the firm seem to be determined by factors other than the need to protect investments, and where other mechanisms than the allocation of asset ownership are used to provide investment incentives. These examples indicate the need to enrich their theory of firm boundaries.

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Metadata

Authors
Holmström, B., & Roberts, J.
Venue
Journal of Economic Perspectives
Published
1998-11-01
Volume
12
Issue
4
Pages
73-94
ISSN
0895-3309 (ISSN-L)
OpenAlex
W2045962543
Cited by
1,176
References
1
FWCI
76.22
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: The Boundaries of the Firm Revisited. https://app.cochat.ai/papers/10.1257/jep.12.4.73
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Holmström, B., & Roberts, J. (1998). The Boundaries of the Firm Revisited. Journal of Economic Perspectives. https://doi.org/10.1257/jep.12.4.73

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