Home » Alchian and Demsetz (1972) agreed in general with Coase’s (1937) position that using the market involved costs but took some exception to his 1

Alchian and Demsetz (1972) agreed in general with Coase’s (1937) position that using the market involved costs but took some exception to his 1

Alchian and Demsetz (1972) agreed in general with Coase’s (1937) position that using the market involved costs but took some exception to his emphasis on “hierarchy” as the source of a firm’s advantage over markets. Which statement(s) is (are) consistent with the position taken by Alchian and Demsetz? a. Authority and hierarchy are not necessarily more efficient or effective than markets in directing resources (one doesn’t have to employ his grocer in order to direct him or “fire” him). b. Firms emerge to coordinate cooperative, team-based production that involves the joint use of resources or non-separable processes and hence difficult-to-meter contributions to output. c. Managers coordinate the teams but their own motivation comes from a claim on the residual value created by the efforts of the teams under their direction d. The quality and intensity of the link between managers’ rewards and their contribution to residual value are useful basis of characterizing firms (broadly defined) or predicting the intensity of their profit-seeking behavior. e. All of the above are consistent with the Alchian and Demsetz framework.

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10