Description
Book SynopsisIn interaction with their environment, firms change constantly; in trying to reduce uncertainties, they influence both their markets and the wider socio-political environment.
Dynamics of the Firm addresses theoretical, empirical and policy issues concerned with the changing structure of firms.
This book seeks to develop a theory of the dynamics of the firm which contrasts with the neoclassical view of the firm as a static production function in a world of given technology and institutions. Papers discussing new institutional theories of the firm in relation to sociological approaches, in which power and trust play an important role, are followed by contributions which focus on empirical issues such as pricing strategies, industrial groups and networking. The public policy implications are discussed extensively.
Offering an original analysis of the organizational structures of firms operating in changing environments, this volume of essays by a distinguished group of economists will be welcomed by students, teachers and researchers in the areas of industrial organization and organizational economics.
Trade Review’. . . This is therefore a useful and interesting book.’ -- David Young, The Manchester School
Table of ContentsContents: Introduction 1. Networks and Transactions: Do they Connect? (B. Nooteboom) 2. Facts, Theory and the Pricing Foundation of Post Keynesian Price Theory (F. Lee) 3. Corporate Networks: A US Case Study (F.G. Hayden and K. Stephenson) 4. The Japanese Group (J. Groenewegen) 5. Dynamics of Enterprises; (R)evolution of a Large Enterprise: A case study of Philips Electronics N.V. (P. Merkelbach) 6. The Holding Company in Belgium: A Case Study of the Société Générale (F. Buelens) 7. Policy Implications of Industrial Transformation (J. Donders and E. van Kooij) Index
