The vertical network organization as a specific governance structure : what are the challenges for incomplete contracts theories and what are the theoretical implications for the boundaries of the (hub-) firm?
Résumé
Departing from the seminal question that Coase raised in his 1937 work, this article discusses and assesses incomplete contracts theories' analyses of the firm's boundaries--notably transaction cost theory and the modern theory of property rights--by investigating the case of the vertical network organization (VNO) (...)