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Market Structure, Internal Capital Markets, and the Boundaries of the Firm

✍ Scribed by RICHMOND D. MATHEWS; DAVID T. ROBINSON

Book ID
109176528
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
275 KB
Volume
63
Category
Article
ISSN
0022-1082

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## Abstract A growing number of companies are explicitly replacing bureaucratic internal resource allocation with internal markets. But if markets work well within firms, why are there firms at all? Why does not all allocation take place on β€˜external’ markets? This paper seeks to resolve this appar