Reallocation of Capital and Labor within Firms

Summary Understanding how internal capital and labor markets function sheds light on one of the most fundamental questions in economics: what determines the boundaries of the firm? This essay reviews the theoretical and empirical literature on internal capital markets and firm boundaries, focusing i...

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Main Author:	Holger Mueller
Format:	Article
Language:	English
Published:	SpringerOpen 2016-01-01
Series:	Swiss Journal of Economics and Statistics
Subjects:	boundaries of the firm internal capital markets capital and labor reallocation
Online Access:	http://link.springer.com/article/10.1007/BF03399429

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spelling	doaj-f6548ba759d144deb660f4c25def4d412020-11-24T21:39:04ZengSpringerOpenSwiss Journal of Economics and Statistics2235-62822016-01-01152428930310.1007/BF03399429Reallocation of Capital and Labor within FirmsHolger Mueller0New York University Leonard N. Stern School of BusinessSummary Understanding how internal capital and labor markets function sheds light on one of the most fundamental questions in economics: what determines the boundaries of the firm? This essay reviews the theoretical and empirical literature on internal capital markets and firm boundaries, focusing in particular on the close link between the two subjects Emphasis is placed on the question of how firms reallocate capital and labor internally across individual firm units in response to plausibly exogenous shocks The essay concludes with directions for future research.http://link.springer.com/article/10.1007/BF03399429boundaries of the firminternal capital marketscapital and labor reallocation
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Holger Mueller
spellingShingle	Holger Mueller Reallocation of Capital and Labor within Firms Swiss Journal of Economics and Statistics boundaries of the firm internal capital markets capital and labor reallocation
author_facet	Holger Mueller
author_sort	Holger Mueller
title	Reallocation of Capital and Labor within Firms
title_short	Reallocation of Capital and Labor within Firms
title_full	Reallocation of Capital and Labor within Firms
title_fullStr	Reallocation of Capital and Labor within Firms
title_full_unstemmed	Reallocation of Capital and Labor within Firms
title_sort	reallocation of capital and labor within firms
publisher	SpringerOpen
series	Swiss Journal of Economics and Statistics
issn	2235-6282
publishDate	2016-01-01
description	Summary Understanding how internal capital and labor markets function sheds light on one of the most fundamental questions in economics: what determines the boundaries of the firm? This essay reviews the theoretical and empirical literature on internal capital markets and firm boundaries, focusing in particular on the close link between the two subjects Emphasis is placed on the question of how firms reallocate capital and labor internally across individual firm units in response to plausibly exogenous shocks The essay concludes with directions for future research.
topic	boundaries of the firm internal capital markets capital and labor reallocation
url	http://link.springer.com/article/10.1007/BF03399429
work_keys_str_mv	AT holgermueller reallocationofcapitalandlaborwithinfirms
_version_	1725932875479515136

Reallocation of Capital and Labor within Firms

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