TY  - CHAP
AB  - This paper outlines a theory of the multiproduct firm. Important building blocks include excess capacity and its creation, market imperfections, and the peculiarities of organizational knowledge, including its fungible and taut character. A framework is adopted in which profit seeking firms are seen to diversify in order to avoid the high transactions costs associated with using various markets to trade the services of various specialized assets. Neoclassical explanations of the multiproduct firm are shown to be seriously deficient.
VL  - 17
SN  - 978-1-84950-051-7, 978-0-76230-661-9/0742-3322
DO  - 10.1016/S0742-3322(00)17002-0
UR  - https://doi.org/10.1016/S0742-3322(00)17002-0
AU  - Teece David J.
ED  - Joel A.C. Baum
ED  - Frank Dobbin
PY  - 2000
Y1  - 2000/01/01
TI  - Toward an economic theory of the multiproduct firm
T2  - Economics Meets Sociology in Strategic Management
T3  - Advances in Strategic Management
PB  - Emerald Group Publishing Limited
SP  - 29
EP  - 53
Y2  - 2024/09/23
ER  -