Firm Objectives, Organization, and Behavior

Firm objectives, organization, and behaviour (JEL L2) cover the internal economics of firms.

Scope

It includes firm objectives, boundaries, vertical integration, diversification, and corporate strategy.

Sub-topics

• General
• Business Objectives of the Firm
• Firm Organization and Market Structure
• Organization of Production
• Contracting Out • Joint Ventures • Technology Licensing
• Firm Performance: Size, Diversification, and Scope
• Entrepreneurship
• Other

Core questions

• What are firms' objectives?
• How are firm boundaries determined?
• How do firms organize and diversify?

Key concepts

• Firm objectives
• Vertical integration
• Diversification
• Firm boundaries
• Corporate strategy

Frequently asked questions

What is vertical integration?

A firm's control of multiple stages of production or distribution, analysed through transaction costs and strategy.