The Theory of the Firm goes Global

Dalia Marin

No 8880, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to flatter corporate hierarchies and the decentralization of authority in firms, the "war for talent", the rise of CEO pay in rich countries, organizational convergence across countries, and firm heterogeneity.

Keywords: International trade with endogenous organisation; Corporate organisation across countries; Empirical test of the theory of the firm (search for similar items in EconPapers)
JEL-codes: D23 F12 F14 L22 (search for similar items in EconPapers)
Date: 2012-03
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (6)

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Related works:
Working Paper: The Theory of the Firm Goes Global (2013)
Working Paper: The Theory of the Firm goes Global (2012)
Working Paper: The Theory of the Firm goes Global (2012)
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