Li, Yanfei and Yao, Shuntian and Chia, Wai-Mun (2009): Endogenous Firm and Information Rent Under Demand Uncertainty.
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This paper takes the firm as an information processing unit. It provides a model that involves the division of labour and specialization, and demand uncertainty. It shows that conditionally, a firm with information processing ability comes into being endogenously, with information rent generated. The size of the rent depends on the level of uncertainty, market competition, and the firm’s information processing ability. Information and Communication Technology is assumed to affect the information processing ability, therefore impacting on the rent. Finally, case studies on the wholesale and retail industry and the finance and insurance industry of 10 OECD countries are conducted.
|Item Type:||MPRA Paper|
|Original Title:||Endogenous Firm and Information Rent Under Demand Uncertainty|
|English Title:||Endogenous Firm and Information Rent Under Demand Uncertainty|
|Keywords:||demand uncertainty, information processing, firm, information rent|
|Subjects:||D - Microeconomics > D2 - Production and Organizations
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior
D - Microeconomics > D8 - Information, Knowledge, and Uncertainty
D - Microeconomics > D4 - Market Structure, Pricing, and Design
L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance
|Depositing User:||Yanfei Li|
|Date Deposited:||22. Dec 2009 06:39|
|Last Modified:||13. Feb 2013 06:51|
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Available Versions of this Item
Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 20. Feb 2009 13:41)
Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 01. May 2009 05:00)
- Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 22. Dec 2009 06:39) [Currently Displayed]
- Endogenous Firm and Information Rent Under Demand Uncertainty. (deposited 01. May 2009 05:00)