Kikuchi, Tomoo; Nishimura, Kazuo; Stachurski, John - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 2, pp. 729-760
This paper builds coordination costs, transaction costs, and other aspects of the theory of the firm into a production chain model with an infinite number of ex ante identical producers. The equilibrium determines prices, allocations of productive tasks across firms, firm sizes, and the number...
