Munich Personal RePEc Archive

Firms as problem solvers: economics meets computer science

Kim, Minseong (2019): Firms as problem solvers: economics meets computer science.

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Abstract

A theory of the firm based on the idea that firms are problem solvers is developed. A network of firms and hierarchical structure of an individual firm are analyzed in terms of distributed and parallel computing. This framework, based on notions of computer science, allows us a simple answer to why a network of firms exists instead of a network of individuals.

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