Knowledge and the theory of the firm: The interdependence among transaction, coordination and production

Many different and rival theories of the firm have been elaborated and confront each other in the economic literature. Transaction costs economics, the resourcebased approach and the agency theory provide useful inputs to a broader approach. The attention to the role of learning and information impactedness is a common thread. The progress in the economics of knowledge provides an opportunity to elaborate a broader and integrative framework. Such an integrated framework in turn makes it easier to contribute the microeconomic foundations of the economics of localised knowledge.