Reference points and the theory of the firm
By: Oliver D. Hart
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 13481; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13481.
Publisher: National Bureau of Economic Research
Published: 2007
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "In this article I argue that it has been hard to make progress on Coase's theory of the firm agenda because of the difficulty of formalizing haggling costs.  I propose an approach that tries to move things forward using the idea of aggrievement costs, and apply it to the question of whether a transaction should be placed inside a firm (in-house production) or in the market place (outsourcing)"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 10/22/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.