The Theory of the Firm

The Theory of the Firm PDF Author: Daniel F. Spulber
Publisher: Cambridge University Press
ISBN: 0521517389
Category : Business & Economics
Languages : en
Pages : 542

Get Book Here

Book Description
The Theory of the Firm presents an innovative general analysis of the economics of the firm.

The Theory of the Firm

The Theory of the Firm PDF Author: Daniel F. Spulber
Publisher: Cambridge University Press
ISBN: 0521517389
Category : Business & Economics
Languages : en
Pages : 542

Get Book Here

Book Description
The Theory of the Firm presents an innovative general analysis of the economics of the firm.

Managerial Theories of the Firm

Managerial Theories of the Firm PDF Author: J. R. Wildsmith
Publisher: New York : Dunellen
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

Get Book Here

Book Description


Theories of the Firm - Neoclassical and Managerial Decision Making

Theories of the Firm - Neoclassical and Managerial Decision Making PDF Author: Daniel Bradtke
Publisher: GRIN Verlag
ISBN: 3638797201
Category : Business & Economics
Languages : en
Pages : 44

Get Book Here

Book Description
Seminar paper from the year 2004 in the subject Economics - Macro-economics, general, grade: 1,6, University of Wales, Newport, course: Course Title: Decision Making (B.Sc. Business Undergraduate Programme), 15 entries in the bibliography, language: English, abstract: For a long time, economists have seen the firm as a black box, arguing that firms maximise profits. Without following this ultimate goal, economists say that organisations would not survive in competitive markets (Makamason, 2004). In order not to be replaced, managers would have to comply with the objective of profit (value) maximisation. Hart (1989) says that this "neoclassical" view of the firm has been challenged considerably over the last three decades due to theoretical developments and increasing empirical evidence that managers may not pursue shareholder interests. The key assumptions of the traditional theory of the firm are maximisation of profit and decision making under conditions of perfect knowledge (Nellis and Parker, 2002). By ignoring many other involved complexities, this neoclassical approach has the ability to predict corporate behaviour in perfectly competitive and monopoly market structures. The maximisation assumption portrays the firm as a "single market, single product asset of the owner who adapts a production plan in response to changing market conditions" (Makamason, 2004). Its prolonged survival is due to the useful analysis of how a firm's production choices respond to exogenous change in the environment. Such an example being an increase in wages or a sales tax (Loasby, 1989).

The Theory of the Firm

The Theory of the Firm PDF Author: Nicolai J. Foss
Publisher: Taylor & Francis
ISBN: 9780415196383
Category : Agentteori
Languages : en
Pages : 488

Get Book Here

Book Description
Includes over 60 classic papers, these volumes collect together contributions on the theory of the firm, beginning with Ronald Coase's classic work of 1937 and ending with important papers published as late as 1998.

Alternative Theories of the Firm

Alternative Theories of the Firm PDF Author: Michael Pirson
Publisher: Routledge
ISBN: 1000515893
Category : Business & Economics
Languages : en
Pages : 324

Get Book Here

Book Description
The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations in spanning organizational structures, their boundaries and roles, as well as business strategies all relate to the Theory of the Firm. The dominant Theory of the Firm poses that markets act perfectly to maximize the well- being of society when people act to maximize the personal utility of their individual purchases and firms act to maximize financial returns to their owners. However, burgeoning evidence and discourse across the scientific and policy communities suggests that the economic, social, and environmental consequences of accepting and applying this theory in the organization of business and society threaten the survival of the human species, among countless others. This book provides the latest thinking on alternatives to the Theory of the Firm as cornerstone of managerial decision-making. Authors explore and elucidate theories that help us understand a firm differently and suggest alternatives to the Theory of the Firm. This book will be of value to researchers, academics, practitioners, and students interested in leadership, strategic management, and the intersection of corporate interests and the well-being of the society.

Theory of the Firm for Strategic Management

Theory of the Firm for Strategic Management PDF Author: Manuel Becerra
Publisher: Cambridge University Press
ISBN: 0521863341
Category : Business & Economics
Languages : en
Pages : 310

Get Book Here

Book Description
Develops a value-based theory of the firm specifically aimed at strategic decision-making.

The Oxford Handbook of Managerial Economics

The Oxford Handbook of Managerial Economics PDF Author: Christopher R. Thomas
Publisher: OUP USA
ISBN: 9780199782956
Category : Business & Economics
Languages : en
Pages : 0

Get Book Here

Book Description
The Oxford Handbook of Managerial Economics, the first of its kind, comprises 25 chapters contributed by leading scholars in the field who summarize the state of the art in managerial economics and point the way toward future areas of study for students, researchers and practitioners in all business-related disciplines.

The Theory of the Firm

The Theory of the Firm PDF Author: Paul Walker
Publisher: Taylor & Francis
ISBN: 1317277031
Category : Business & Economics
Languages : en
Pages : 223

Get Book Here

Book Description
Firms are a ubiquitous feature of the economic landscape, with much of the activity undertaken within an economy taking place within their boundaries. Given the size of the contribution made by firms to economic activity, employment and growth, having a theoretical understanding of the nature and structure of firms is crucial for understanding how an economy functions. The Theory of the Firm firstly offers a brief overview of the past, consisting of a concise discussion of the classical view of production, followed by an outline of the development of the neoclassical - or ‘textbook’ - approach to firm level production. Secondly, the ‘present’ of the theory of the firm is discussed in three sections. The first section considers the post-1970 theory of the firm literature per se, while the second section scrutinises the relationship between the three most prominent of the modern sets of theories: the reference point, property rights and transaction cost approaches. The third section looks at the theory of privatisation. The unique aspects of this book includes its discussions of the post-1970 contributions to the theory of the firm; the integration of the theory of the entrepreneur with the theory of the firm; and the theory of privatisation. This volume offers an intuitive introduction to the theories of the firm as well as simple formal models of the most important contributions to the literature. It also outlines the historical evolution of the traditional and modern theories of the firm. This book is of great interest to those who study history of economic thought, industrial economics and organizational studies.

The Problem of Production

The Problem of Production PDF Author: Per L Bylund
Publisher: Routledge
ISBN: 1317217802
Category : Business & Economics
Languages : en
Pages : 225

Get Book Here

Book Description
The theory of the firm has been fertile ground for economists. Bylund proposes a new theory, rooted in Austrian economics, which examines the firm as a part of the market, and not as a free-standing entity. In this integrated view, a theory is offered which incorporates entrepreneurship, production, market process and economic development.

Managerial Theories of the Firm [By] J.R. Wildsmith

Managerial Theories of the Firm [By] J.R. Wildsmith PDF Author: J. R. Wildsmith
Publisher:
ISBN:
Category : Industrial organization (Economic theory)
Languages : en
Pages : 140

Get Book Here

Book Description