Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:contrastsWith |
Coasean theory of the firm
|
| gptkbp:focusesOn |
Monitoring
Firm theory Principal-agent problem Team production |
| https://www.w3.org/2000/01/rdf-schema#label |
Alchian–Demsetz theory
|
| gptkbp:influenced |
Organizational economics
Theory of the firm |
| gptkbp:proposedBy |
gptkb:Harold_Demsetz
gptkb:Armen_Alchian |
| gptkbp:publicationYear |
1972
|
| gptkbp:publishedIn |
gptkb:American_Economic_Review
|
| gptkbp:requires |
Firms exist to reduce monitoring costs in team production
Firms do not have authority over employees beyond market contracts Firms are contractual relationships |
| gptkbp:bfsParent |
gptkb:Armen_Alchian
|
| gptkbp:bfsLayer |
6
|