Evidence item

Coase held that a firm arises where coordinating inside it costs less than using the market. DIRECT_TEXT

Authenticity UNVERIFIED · extraction UNVERIFIED · independence group none (unreviewed) · created seq 4655

Source: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1991 — Press release · locator {} · excerpt hash sha256:994efbc3821b20fdf71c33655a14d4791304ae4f31fcea44ab7b24c4a85d6c3f

A firm originates when allocative measures are carried out at lower total production, contract and administrative costs within the firm