A Market Process Theory Of The Firm

Author : Mateusz Machaj
Publisher : Routledge
Page : 164 pages
File Size : 42,5 Mb
Release : 2021-07-14
Category : Business & Economics
ISBN : 9781000412840

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A Market Process Theory of the Firm by Mateusz Machaj Pdf

Neoclassical economics has been criticized from various angles by orthodox schools. The same can be said about its particular branch: the theory of the firm. This book demonstrates how a successful theory of the firm can be presented without flawed notions of a neoclassical framework and used to comprehend actual business history. The author argues that we should start from the assumption that businesses are inevitably imponderable, as that is their nature, in the process of economic evolution. The book offers an in-depth exploration of neoclassical limitations by examining each of the small details associated with the famous MR = MC rule. It follows a step-by-step approach, which starts off with neoclassical assumptions and then moves into more empirically sound theory, based on modeling logic and rooted in real world examples. The author presents a novel discussion on the size of the firm, both in terms of classifying a firm’s expansion and about the factors that limit the size of the firm and argues how formal pricing theory can be built using more indeterminate assumptions about firms. Further, there is a discussion on how firms are rooted in amorphous industries, which helps to explain economic progress better by emphasizing the importance of economic experiments, mistakes and bankruptcies. This is a valuable reference for scholars and researchers who are interested in a range of topics from microeconomics, through pricing theory to industrial organization, history of economic thought and managerial economics.

Author : Per L Bylund
Publisher : Routledge
Page : 225 pages
File Size : 53,5 Mb
Release : 2015-12-22
Category : Business & Economics
ISBN : 9781317217800

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The Problem of Production by Per L Bylund Pdf

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.

Author : Frédéric Sautet
Publisher : Routledge
Page : 325 pages
File Size : 41,5 Mb
Release : 2000-05-11
Category : Business & Economics
ISBN : 9781134582921

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An Entrepreneurial Theory of the Firm by Frédéric Sautet Pdf

This original, provocative work makes a thorough and comprehensive enquiry into the relationship that exists between firms and markets, with separate, in-depth examinations of both the existence and inner organisation of the firm. Sautet develops an accomplished and convincing theory that encompasses a wealth of existing literature and leads it in

Author : Tyler Cowen,David Parker
Publisher : Hobart Papers (Paperback)
Page : 108 pages
File Size : 46,9 Mb
Release : 1997
Category : Business & Economics
ISBN : STANFORD:36105020335175

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Markets in the Firm by Tyler Cowen,David Parker Pdf

Businesses around the world face increasing turbulence in their economic and social environments. The pace of change in market economies seems to be ever accelerating. In this book, the authors consider some of the implications for management of different views of the firm. They point to the need, in these days of global markets and increased uncertainty, for firms to be flexible and responsive to market-place requirements.

Author : Kalman J. Cohen,Richard Michael Cyert
Publisher : Prentice Hall
Page : 552 pages
File Size : 48,5 Mb
Release : 1975
Category : Business & Economics
ISBN : STANFORD:36105005318055

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Theory of the Firm by Kalman J. Cohen,Richard Michael Cyert Pdf

Business firms, decision making and economic models; Market structures and the theory of the firm; New approaches to the theory of the firm; Implications of microeconomics for the economic system.

Author : Michael Dietrich,Jackie Krafft
Publisher : Edward Elgar Publishing
Page : 607 pages
File Size : 55,8 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781002407

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Handbook on the Economics and Theory of the Firm by Michael Dietrich,Jackie Krafft Pdf

This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. the novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created. This interpretative framework is comprehensively developed in the editors' introduction, and the expert contributors – more than fifty academics of renowned authority – further elaborate on the linkages in the seven comprehensive sections that follow, encompassing: background; equilibrium and new institutional theories; the multinational firm; dynamic approaches to the firm; modern issues; firms' strategies; and economic policy and the firm. Bridging economics and theory of the firm, and providing both technical and institutional perspectives on real corporations, this path-breaking Handbook will prove an invaluable resource for academics, researchers and students in the fields of economics, heterodox economics, business and management, and industrial organization.

Author : Richard N. Langlois,Paul L. Robertson
Publisher : Routledge
Page : 364 pages
File Size : 46,7 Mb
Release : 1995-07-06
Category : Business & Economics
ISBN : 9781134804962

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Firms, Markets and Economic Change by Richard N. Langlois,Paul L. Robertson Pdf

Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex p

Author : Shelby D. Hunt
Publisher : SAGE Publications
Page : 321 pages
File Size : 51,8 Mb
Release : 1999-11-30
Category : Business & Economics
ISBN : 9781452221649

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A General Theory of Competition by Shelby D. Hunt Pdf

Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

Author : Per L. Bylund
Publisher : Routledge
Page : 186 pages
File Size : 46,9 Mb
Release : 2015-12-22
Category : Business & Economics
ISBN : 9781317217817

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The Problem of Production by Per L. Bylund Pdf

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.

Author : R. H. Coase
Publisher : University of Chicago Press
Page : 226 pages
File Size : 45,5 Mb
Release : 2012-06-15
Category : Business & Economics
ISBN : 9780226051208

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The Firm, the Market, and the Law by R. H. Coase Pdf

Few other economists have been read and cited as often as R.H. Coase has been, even though, as he admits, "most economists have a different way of looking at economic problems and do not share my conception of the nature of our subject." Coase's particular interest has been that part of economic theory that deals with firms, industries, and markets—what is known as price theory or microeconomics. He has always urged his fellow economists to examine the foundations on which their theory exists, and this volume collects some of his classic articles probing those very foundations. "The Nature of the Firm" (1937) introduced the then-revolutionary concept of transaction costs into economic theory. "The Problem of Social Cost" (1960) further developed this concept, emphasizing the effect of the law on the working of the economic system. The remaining papers and new introductory essay clarify and extend Coarse's arguments and address his critics. "These essays bear rereading. Coase's careful attention to actual institutions not only offers deep insight into economics but also provides the best argument for Coase's methodological position. The clarity of the exposition and the elegance of the style also make them a pleasure to read and a model worthy of emulation."—Lewis A. Kornhauser, Journal of Economic Literature Ronald H. Coase was awarded the Nobel Prize in Economic Science in 1991.

Author : Oliver E. Williamson,Sidney G. Winter
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 51,7 Mb
Release : 1993
Category : Business & Economics
ISBN : 0195083563

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The Nature of the Firm by Oliver E. Williamson,Sidney G. Winter Pdf

This volume features a series of essays which arose from a conference on economics, addressing the question: what is the nature of the firm in economic analysis? This paperback edition includes the Nobel Lecture of R.N. Case.

Author : Arthur A. Thompson
Publisher : Englewood Cliffs, N.J. : Prentice-Hall
Page : 616 pages
File Size : 41,8 Mb
Release : 1973
Category : Business & Economics
ISBN : UVA:X000298738

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Economics of the Firm: Theory and Practice by Arthur A. Thompson Pdf

Author : Paul Walker
Publisher : Taylor & Francis
Page : 212 pages
File Size : 52,5 Mb
Release : 2016-09-13
Category : Business & Economics
ISBN : 9781317277033

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The Theory of the Firm by Paul Walker Pdf

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.

Author : Richard Michael Cyert,James G. March
Publisher : Englewood Cliffs, N.J : Prentice-Hall
Page : 364 pages
File Size : 40,8 Mb
Release : 1963
Category : Decision-making
ISBN : WISC:89046867693

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A Behavioral Theory of the Firm by Richard Michael Cyert,James G. March Pdf

Antecedents of the behavioral theory of the firm; Organizational goals; Organizational expectations; Organizational choice; A summary of basic concepts in the behavioral theory of the firm; A specific price and output model; A general model of price and outup determination; A model of rational managerial behavior; A model of trust investment behavior; some implications.

Author : Nicolai J. Foss,Peter G. Klein
Publisher : Edward Elgar Publishing
Page : 304 pages
File Size : 51,5 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 1843767104

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Entrepreneurship and the Firm by Nicolai J. Foss,Peter G. Klein Pdf

While characteristically "Austrian" economic themes are clearly relevant to the business firm, Austrian economists have said little about management, organization and strategy. The 12 chapters in this work seek to advance the understanding of these issues by drawing on Austrian ideas.