If you need an accessible version of this item please contact JSTOR User Support

The Economics of Modern Manufacturing: Technology, Strategy, and Organization

Paul Milgrom and John Roberts
The American Economic Review
Vol. 80, No. 3 (Jun., 1990), pp. 511-528
Stable URL: http://www.jstor.org/stable/2006681
Page Count: 18
  • Download PDF
  • Cite this Item

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support
The Economics of Modern Manufacturing: Technology, Strategy, and Organization
Preview not available

Abstract

Manufacturing is undergoing a revolution. The mass production model is being replaced by a vision of a flexible multiproduct firm that emphasizes quality and speedy response to market conditions while utilizing technologically advanced equipment and new forms of organization. Our optimizing model of the firm generates many of the observed patterns that mark modern manufacturing. Central to our results is a method of handling optimization and comparative statics problems that requires neither differentiability nor convexity.

Page Thumbnails

  • Thumbnail: Page 
511
    511
  • Thumbnail: Page 
512
    512
  • Thumbnail: Page 
513
    513
  • Thumbnail: Page 
514
    514
  • Thumbnail: Page 
515
    515
  • Thumbnail: Page 
516
    516
  • Thumbnail: Page 
517
    517
  • Thumbnail: Page 
518
    518
  • Thumbnail: Page 
519
    519
  • Thumbnail: Page 
520
    520
  • Thumbnail: Page 
521
    521
  • Thumbnail: Page 
522
    522
  • Thumbnail: Page 
523
    523
  • Thumbnail: Page 
524
    524
  • Thumbnail: Page 
525
    525
  • Thumbnail: Page 
526
    526
  • Thumbnail: Page 
527
    527
  • Thumbnail: Page 
528
    528