Case studies that examine how firms coordinate economic activity in the face of asymmetric information--information not equally available to all parties--are the focus of this volume.
In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies--drawn from the...