The Next Best Thing to Getting Married: Partnerships among the Jewelry Manufacturers in the Providence/Attleboro Area during the Nineteenth Century
研究了19世纪普罗维登斯/阿特尔伯勒地区珠宝制造商如何因产品差异化和远距离销售的需要,通过合伙关系解决信息不对称和资本筹集问题,以实现生产和销售的规模经济。
This study aims at enhancing our understanding of how industrial conditions affect the choice of a firm's ownership structure. The Providence/Attleboro area was a center of jewelry production during the nineteenth century. Because of the differentiated nature of the product, the Providence/Attleboro jewelers needed to promote their products among the wholesalers in distant markets. These geographical and industrial conditions motivated the entrepreneurs to organize partnerships for ameliorating informational asymmetries and for mobilizing the capital required to achieve economies of scale in sales and production.