In 1937 Ronald H. Coase published a classic paper, "The Nature of the Firm." This classic study is discussed by Oliver E. Williamson and Sidney G. Winter as they address a topic of increasing importance in the field of economics: what is the nature of the firm in economic analysis? The study examines the impact on a firm's organization of the costs associated with producing and selling products.
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Oliver E. Williamson is at University of California, Berkeley. Sidney G. Winter is at United States General Accounting Office, Washington D.C. .
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