Re:Why Small Businesses Are Starting to Win Again
by stalcottsmith on Sunday January 25, 2015 @03:48AM
(#8942439)
It is argued that one implication of Coase's Theorem[1] is that firm size is inversely proportional to transaction costs. If transaction costs are falling due to Internet enabled communication, this may contribute to reversing the tide of centralization.
[1] https://en.wikipedia.org/wiki/Coase_theorem