Objective
"Industrial organization has been influential in shaping our understanding of how firms behave in markets, and also Most of the industrial organization literature is based on the premise that firms are represented by a single decision maker, who is driven by a motive of profit maximization and cost minimization. This assumption is nowadays becoming a constraint on IO theory, preventing it from being able to explain certain observed empirical regularities. For instance, it has been well documented that seemingly identical firms often exhibit differing performance or productivity. Under the existing paradigm, this should not occur, since identical firms should choose the same cost-minimizing technology.
The goal of this proposal is to develop a new IO theory based on a richer view of the firm, one in which non-trivial conflicts of interest among shareholders, workers, managers and consumers will shape firm boundaries. This ""Organizational Industrial Organization'' (OIO) will generate rich new insights for the positive and normative analysis of industries, whether or not firms in these industries have market power. In particular, it will be able to account for heterogeneity in organizations among identical firms, will provide simple explanations for real world examples that would be difficult to understand in the traditional IO setting, but also bring fresh and novel analysis to traditional IO questions like the scale and scope of firms, the dynamics of merger activity, and also to less traditional questions like the roles of the managerial market, finance or corporate governance for industry performance.
This proposal details three work packages that the team will develop in priority in this project:
- Finance, governance, the managerial market and firm boundaries.
- The dynamics of firm boundaries and delegation.
- Market power, scale and scope"
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- social sciences sociology governance
- social sciences economics and business economics production economics productivity
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
ERC-2013-ADG
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Host institution
1050 Bruxelles / Brussel
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.