Description

Book Synopsis
The essays in this volume discuss the theory of the business firm and its applications in economics. A leading analyst of industrial organization, Professor Demsetz critically examines current debates on the existence, definition, and organization of the firm and discusses issues related to the emerging theory of the firm.

Trade Review
'… a stimulating and challenging collection of essays which will certainly repay careful reading by those concerned with the issues which Demsetz tackles.' D. P. O'Brien, The Economic Journal

Table of Contents
Preface; First Commentary. The firm in theory: its definition and existence; Second Commentary. Agency and non-agency explanations of the firm's organization; Third Commentary. Enterprise control, wealth, and economic development; Fourth Commentary. Profit maximization and rational behavior; Fifth Commentary. The use and abuse of accounting profit data; Sixth Commentary. Management compensation and tournament theory; Seventh commentary. The intensity and dimensionality of competition; References.

The Economics of the Business Firm

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    A Paperback / softback by Harold Demsetz

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      Publisher: Cambridge University Press
      Publication Date: 13/09/1996
      ISBN13: 9780521588652, 978-0521588652
      ISBN10: 0521588650
      Also in:
      Microeconomics

      Description

      Book Synopsis
      The essays in this volume discuss the theory of the business firm and its applications in economics. A leading analyst of industrial organization, Professor Demsetz critically examines current debates on the existence, definition, and organization of the firm and discusses issues related to the emerging theory of the firm.

      Trade Review
      '… a stimulating and challenging collection of essays which will certainly repay careful reading by those concerned with the issues which Demsetz tackles.' D. P. O'Brien, The Economic Journal

      Table of Contents
      Preface; First Commentary. The firm in theory: its definition and existence; Second Commentary. Agency and non-agency explanations of the firm's organization; Third Commentary. Enterprise control, wealth, and economic development; Fourth Commentary. Profit maximization and rational behavior; Fifth Commentary. The use and abuse of accounting profit data; Sixth Commentary. Management compensation and tournament theory; Seventh commentary. The intensity and dimensionality of competition; References.

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