technologicalchangeandinternationalbusiness.docVIP

Technological Change and International Business School of International Business (SIB), SWUFE Professor Simona Iammarino , London School of Economics, London Schedule 3月 29日 星期六 3月 30日 星期天 3月31日 星期一 4月 1日 星期二 4月2日 星期三 4月3日 星期四 4月4日 星期五 上午 8:30-10:10 10:20-12:00 下午 13:55-15:35 Lecture 1 C103 Lecture 4 C103 Lecture 7 C208 15:45-17:25 Lecture 2 C103 Lecture 5 C103 Lecture 8 C208 晚上 18:30-21:05 Lecture 3 Classes C103 Lectures G101 Lecture 6 Classes C207 Lecture 9 Lecture 10 C103 4月5日 星期六 4月6日 星期天 4月7日 星期一 4月8日 星期二 4月9日 星期三 4月10日 星期四 4月11日 星期五 上午 8:30-10:10 10:20-12:00 下午 13:55-15:35 Lecture 11 C208 15:45-17:25 Lecture 12 C208 晚上 18:30-21:05 Lecture 13 Lecture 14 C103 Final Exam (地点待定)  Lecture 1 (Guy). Markets and corporations: transaction cost theory High-volume production and the invention of the modern corporation in late 19th century America. Advances in steel, electricity and chemicals made high volume production possible, but why did this lead so suddenly to large companies? The roles of ‘visible hand’ administrative coordination, transaction costs, and the control of markets to prevent price cutting, are considered. The division of labour (following Adam Smith) An increased division of labor can increase productivity. The division of labor is limited by the size of the market. Coordination of the division of labor: by the firm, or by the market? Transaction costs (Coase) incomplete contracts due to high cost of contracting optimal size of firm Where is the boundary between the firm and the market? Transaction costs (Williamson) incomplete contracts due to bounded rationality transaction specific assets opportunism Using this theory to explain vertical integration (integration up and down the supply chain / value chain). Controlling transaction costs without vertical integration: other strategies and environmental factors. Repeat business as a repeated game. Reputation