Optimal Firm Scope

Optimal firm scope in $(ρ, T)$ space. The integration boundary nests Williamson's transaction cost economics as a special case.

Microeconomic Applications65

Impact Score

Economic Importance

6.0

Novelty

7.0

Theoretical Coverage

7.0

Empirical Coverage

7.0

Article Quality

9.0

Score Reasoning

Importance: Application of CES potential to theory of the firm. Nests Williamson as special case, which is a useful connection but not core spine.
Novelty: New connection: CES (rho,T) diagram determines integration boundary. Williamson nesting is a genuinely new derivation of transaction cost economics from CES.
Quality: Well-structured with clear objective, propositions, and comparative statics. Good use of links.