{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,9,3]],"date-time":"2025-09-03T09:50:59Z","timestamp":1756893059862},"reference-count":56,"publisher":"World Scientific Pub Co Pte Ltd","issue":"04","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. Game Theory Rev."],"published-print":{"date-parts":[[2004,12]]},"abstract":"<jats:p>This paper replaces the standard view of the firm as a nexus of contracts with a repeated game framework where input contributions and side payments are self-enforced. General production technologies and flexible transfers among team members are allowed. When an incentive constraint binds, input demand and output supply are influenced by the discount factor, the probability of exogenous team dissolution, and the aggregate value of outside options. When this incentive constraint does not bind, the firm maximizes profit in the usual way. I discuss examples involving the Cobb-Douglas technology, firms with a single residual claimant, and partnerships.<\/jats:p>","DOI":"10.1142\/s0219198904000344","type":"journal-article","created":{"date-parts":[[2005,2,22]],"date-time":"2005-02-22T00:43:53Z","timestamp":1109033033000},"page":"525-554","source":"Crossref","is-referenced-by-count":1,"title":["THE FIRM AS A NEXUS OF STRATEGIES"],"prefix":"10.1142","volume":"06","author":[{"given":"GREGORY K.","family":"DOW","sequence":"first","affiliation":[{"name":"Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, British Columbia, V5A 1S6, Canada"}]}],"member":"219","published-online":{"date-parts":[[2011,11,20]]},"reference":[{"key":"rf1","doi-asserted-by":"publisher","DOI":"10.2307\/2937787"},{"key":"rf2","doi-asserted-by":"publisher","DOI":"10.2307\/1912660"},{"key":"rf3","doi-asserted-by":"publisher","DOI":"10.2307\/1342080"},{"key":"rf4","doi-asserted-by":"publisher","DOI":"10.2307\/1884685"},{"key":"rf5","doi-asserted-by":"publisher","DOI":"10.1016\/0304-3878(93)90102-S"},{"key":"rf6","doi-asserted-by":"publisher","DOI":"10.1006\/jcec.1993.1037"},{"key":"rf7","doi-asserted-by":"publisher","DOI":"10.1016\/0954-349X(94)90004-3"},{"key":"rf8","doi-asserted-by":"publisher","DOI":"10.1006\/jcec.2000.1663"},{"key":"rf9","doi-asserted-by":"crossref","DOI":"10.4159\/9780674036437","volume-title":"Order without Law: How Neighbors Settle Disputes","author":"Ellickson Robert C.","year":"1991"},{"key":"rf10","doi-asserted-by":"publisher","DOI":"10.2307\/1599554"},{"key":"rf11","doi-asserted-by":"publisher","DOI":"10.1257\/jep.10.3.103"},{"key":"rf12","doi-asserted-by":"publisher","DOI":"10.2307\/2171941"},{"key":"rf13","first-page":"733","author":"Finkin Matthew W.","journal-title":"Wisconsin Law Review"},{"key":"rf14","doi-asserted-by":"publisher","DOI":"10.1016\/0022-0531(85)90051-1"},{"key":"rf15","volume-title":"Game Theory","author":"Fudenberg Drew","year":"1991"},{"key":"rf16","unstructured":"Victor P.\u00a0Goldberg, Readings in the Economics of Contract Law, ed. V.\u00a0Goldberg (Cambridge University Press, New York, 1989)\u00a0pp. 147\u2013151."},{"key":"rf17","first-page":"525","volume":"83","author":"Greif Avner","journal-title":"American Economic Review"},{"key":"rf18","doi-asserted-by":"publisher","DOI":"10.1086\/261953"},{"key":"rf19","doi-asserted-by":"publisher","DOI":"10.1093\/0198288816.001.0001"},{"key":"rf20","first-page":"972","volume":"84","author":"Holmstrom Bengt","journal-title":"American Economic Review"},{"key":"rf21","unstructured":"Bengt\u00a0Holmstrom and Jean\u00a0Tirole, Handbook of Industrial Organization\u00a01, eds. R.\u00a0Schmalensee and R.\u00a0Willig (North-Holland, Amsterdam, 1989)\u00a0pp. 63\u2013133."},{"key":"rf22","doi-asserted-by":"publisher","DOI":"10.1016\/0304-405X(76)90026-X"},{"key":"rf23","doi-asserted-by":"crossref","DOI":"10.1515\/9780804764513","volume-title":"The Evolution of Human Societies: From Foraging Group to Agrarian State","author":"Johnson Allen W.","year":"2000"},{"key":"rf24","first-page":"224","volume":"78","author":"Kimball Miles S.","journal-title":"American Economic Review"},{"key":"rf25","first-page":"830","volume":"86","author":"Kranton Rachel E.","journal-title":"American Economic Review"},{"key":"rf26","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511571657.006"},{"key":"rf27","first-page":"5","volume":"1","author":"Kronman Anthony T.","journal-title":"Journal of Law, Economics, and Organization"},{"key":"rf28","doi-asserted-by":"publisher","DOI":"10.2307\/2090458"},{"key":"rf29","doi-asserted-by":"publisher","DOI":"10.2307\/1912562"},{"key":"rf30","doi-asserted-by":"publisher","DOI":"10.1016\/0014-2921(93)90132-T"},{"key":"rf31","first-page":"388","volume":"88","author":"MacLeod W. Bentley","journal-title":"American Economic Review"},{"key":"rf32","doi-asserted-by":"crossref","unstructured":"Scott E.\u00a0Masten, The Nature of the Firm: Origins, Evolution, and Development, eds. O.\u00a0Williamson and S.\u00a0Winter (Oxford University Press, New York, 1991)\u00a0pp. 196\u2013212.","DOI":"10.1093\/oso\/9780195065909.003.0012"},{"key":"rf33","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0343.1990.tb00020.x"},{"key":"rf34","volume-title":"Economics, Organization, and Management","author":"Milgrom Paul R.","year":"1992"},{"key":"rf35","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9781139173742"},{"key":"rf36","volume-title":"Bargaining and Markets","author":"Osborne Martin J.","year":"1990"},{"key":"rf37","doi-asserted-by":"publisher","DOI":"10.1017\/CBO9780511807763"},{"key":"rf38","volume-title":"Economic Anthropology","author":"Plattner Stuart","year":"1989"},{"key":"rf39","unstructured":"Alejandro\u00a0Portes, The Handbook of Economic Sociology, eds. N.\u00a0Smelser and R.\u00a0Swedberg (Princeton University Press, Princeton, NJ, 1994)\u00a0pp. 426\u2013449."},{"key":"rf40","doi-asserted-by":"publisher","DOI":"10.1016\/0147-5967(92)90094-N"},{"key":"rf41","doi-asserted-by":"publisher","DOI":"10.1016\/0167-2681(91)90049-4"},{"key":"rf42","first-page":"433","volume":"74","author":"Shapiro Carl","journal-title":"American Economic Review"},{"key":"rf43","first-page":"720","volume":"82","author":"Skaperdas Stergios","journal-title":"American Economic Review"},{"key":"rf44","unstructured":"Stergios\u00a0Skaperdas and Constantinos\u00a0Syropoulos, The Economics of Organized Crime, eds. G.\u00a0Fiorentini and S.\u00a0Peltzman (Cambridge University Press, New York, 1995)\u00a0pp. 61\u201382."},{"key":"rf45","doi-asserted-by":"publisher","DOI":"10.2307\/2297888"},{"key":"rf46","doi-asserted-by":"publisher","DOI":"10.2307\/2946701"},{"key":"rf47","doi-asserted-by":"publisher","DOI":"10.1086\/296069"},{"key":"rf48","doi-asserted-by":"publisher","DOI":"10.2307\/2297404"},{"key":"rf49","doi-asserted-by":"publisher","DOI":"10.1016\/0014-4983(77)90006-7"},{"key":"rf50","doi-asserted-by":"publisher","DOI":"10.1086\/466908"},{"key":"rf51","doi-asserted-by":"publisher","DOI":"10.2307\/2937932"},{"key":"rf52","volume-title":"Paying for Productivity","author":"Weitzman Martin L.","year":"1990"},{"key":"rf53","volume-title":"The Economic Institutions of Capitalism","author":"Williamson Oliver E.","year":"1985"},{"key":"rf54","doi-asserted-by":"publisher","DOI":"10.2307\/2393356"},{"key":"rf55","volume-title":"The Nature of the Firm","author":"Winter Sidney","year":"1991"},{"key":"rf56","doi-asserted-by":"publisher","DOI":"10.1257\/jep.10.2.105"}],"container-title":["International Game Theory Review"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219198904000344","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,1,23]],"date-time":"2024-01-23T17:35:53Z","timestamp":1706031353000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219198904000344"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2004,12]]},"references-count":56,"journal-issue":{"issue":"04","published-online":{"date-parts":[[2011,11,20]]},"published-print":{"date-parts":[[2004,12]]}},"alternative-id":["10.1142\/S0219198904000344"],"URL":"https:\/\/doi.org\/10.1142\/s0219198904000344","relation":{},"ISSN":["0219-1989","1793-6675"],"issn-type":[{"value":"0219-1989","type":"print"},{"value":"1793-6675","type":"electronic"}],"subject":[],"published":{"date-parts":[[2004,12]]}}}