Production, Planning and Prices

dc.contributor.author	B. Richardson, George
dc.date.accessioned	2010-07-02
dc.date.accessioned	2010-07-02T07:59:27Z
dc.date.available	2010-07-02T07:59:27Z
dc.date.issued	2010-07-02
dc.identifier.isbn	87-7873-065-1
dc.identifier.uri	http://hdl.handle.net/10398/8095
dc.description.abstract	Firms do not exist because of the cost of using the price mechanism, but because they enable actions to be carried out concurrently in conformity with a particular design. This concurrent coordination, which production requires, is distinct from the evolutionary coordination, which is the unintended consequence of market transactions. The two processes are alternatives only to a limited extent. Evolutionary adjustment cannot bring about concurrent coordination, and irreducible uncertainty limits the scope of the planning which does.	en_US
dc.format.extent	21 s.	en_US
dc.language	eng	en_US
dc.publisher	Copenhagen Business School	en_US
dc.relation.ispartofseries	DRUID;98-27
dc.subject.other	price mechanism, transaction costs coordination.	en_US
dc.title	Production, Planning and Prices	en_US
dc.type	wp	en_US
dc.accessionstatus	modt10jul02 siso	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Institut for Innovation og Organisationsøkonomi	en_US
dc.contributor.departmentshort	INO	en_US
dc.contributor.departmentuk	Department of Innovation and Organizational Economics	en_US
dc.contributor.departmentukshort	INO	en_US
dc.idnumber	x64495316x	en_US
dc.publisher.city	københavn	en_US
dc.publisher.year	1998	en_US