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American Economic Association The Theory of the Firm as Governance Structure: From Choice to Contract Author(s): Oliver E. Williamson Source: The Journal of Economic Perspectives‚ Vol. 16‚ No. 3 (Summer‚ 2002)‚ pp. 171-195 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/3216956 Accessed: 21-04-2015 06:39 UTC Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms
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questions Questions: 1. What is a firm specific advantage? An unique strength a firm has that distinguishes him from his rivals‚ and creates a competitive advantage. 2. What is Honda’s FSA? Honda has a very wide range of motorized machines‚ its assortment covers a large group of consumers. 3. What basic but important distinction does Verbeke make? Non-location-bound FSAs versus Location bound FSAs. 4. Why are some FSAs location bound? These FSAs are so unique and difficult to imitate that
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NBER WORKING PAPER SERIES DO SHAREHOLDERS OF ACQUIRING FIRMS GAIN FROM ACQUISITIONS? Sara B. Moeller Frederik P. Schlingemann René M. Stulz Working Paper 9523 http://www.nber.org/papers/w9523 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 February 2003 We are grateful to Harry DeAngelo and Ralph Walkling for useful comments. The views expressed herein are those of the author and not necessarily those of the National Bureau of Economic Research. ©2003 by Sara
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competitive firms increase total revenue by Hint : Total revenue equals price times quantity sold. A purely competitive firm has control over one of these two variables. A. increasing production B. decreasing production C. increasing price D. decreasing price To increase revenue‚ firms look to increase price or quantity‚ as price multiplied by quantity equals total revenue. Purely competitive firms can sell as much as they want at the market price. Adding additional units of the product does not
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to maneuver in the business market and I would like to refresh your mind by offering a clear definition. A Monopoly is a situation in which an entity‚ either an individual or an industry or organization‚ is the sole supplier of a particular good or service. As such‚ this supplier has no competition from other suppliers and is able to control the market value of the commodity. Some monopolies are government-enforced or controlled‚ while others form naturally or through company merger. According to
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let’s first consider what is meant by vertical separation of a firm. Vertical separation of a firm is when that firm sells the good or service they produce through an independent retailer rather than sell its product itself directly to customers which is vertical integration. So when it come to incumbent firms‚ firms in which are already well established and selling within a market would it be better off if that firm is operated as one firm that is integrated or if in fact it would be better off if
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डाबर‚ derived from Daktar Burman) is India ’s largest Ayurvedic medicine manufacturer. Dabur was founded in 1884 by Dr. SK Burman‚ a physician in West Bengal‚ to produce and dispense Ayurvedic medicines. Dr. Burman designed Ayurvedic medication for diseases such as cholera and malaria. The Dabur name is derived from the Devanagri rendition of Daktar Burman.[4] Dabur ’s Ayurvedic Specialities Division has over 260 medicines for treating a range of ailments and body conditions‚ from common cold to
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the land. Since George has been living on the land for his entire life‚ and he is 76 years old‚ it is reasonable to assume that he owns the land. But even if he didn’t own the land‚ and instead was renting‚ it is still clear that he farms the land. So he is still clearly in possession of it. Secondly‚ was there an artificial condition around‚ which children were likely to trespass and if George knew of it? The water tower has been on George’s property ever since before he was
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The theme of “Raymond’s Run” and “All-American Slurp” can both be related because the main characters are both being held back from what their desires are. The main character of “Raymond’s Run‚” Squeaky‚ is held back from obtaining her goal which is friendship. She struggles to get friends because of her arrogant proclivity‚ mostly from instances that occur with her older brother‚ Raymond. This is also the same for the Lin girl‚ from the story “All-American Slurp” because she finds difficulty adapting
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