Evidence item

Coase's original 1937 paper explicitly asks why a firm emerges at all and attributes its emergence partly to the costs of using the price mechanism. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 10451

Source: The Nature of the Firm · locator {} · excerpt hash sha256:f5dcf7cee06dbad36e4da27e63f98657271a751b51ee733c90063fdc0f9af56b

Our task is to attempt to discover why a firm emerges at all in a specialised exchange economy. ... The main reason why it is profitable to establish a firm would seem to be that there is a cost of using the price mechanism.