| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w9719 |
| 来源ID | Working Paper 9719 |
| Specialization, Firms, and Markets: The Division of Labor Within and Between Law Firms | |
| Luis Garicano; Thomas N. Hubbard | |
| 发表日期 | 2003-05-26 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | What is the role of firms and markets in mediating the division of labor? This paper uses confidential microdata from the Census of Services to examine law firms' boundaries. We find that firms' field scope narrows as market size increases and individuals specialize, indicating that firms' boundaries reflect organizational trade-offs. Moreover, we find that whether the division of labor is mediated by firms differs systematically according to whether lawyers in a particular field are mainly involved in structuring transactions or in dispute resolution. Our evidence is consistent with hypotheses in which firms' boundaries reflect variation in the value of knowledge-sharing or in the costs of monitoring, but not in risk-sharing. Our findings show how the incentive trade-offs associated with exploiting increasing returns from specialization lead the structure of the industry to be fragmented, but highly-skewed. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w9719 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/567343 |
| 推荐引用方式 GB/T 7714 | Luis Garicano,Thomas N. Hubbard. Specialization, Firms, and Markets: The Division of Labor Within and Between Law Firms. 2003. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w9719.pdf（511KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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