The theory of the firm: microeconomics with endogenous entrepreneurs, firms, markets, and organizations

The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microecon...

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Bibliographic Details
Main Author: Spulber, Daniel F. (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 2009
Subjects:
Online Access:DE-12
DE-473
DE-355
Volltext
Summary:The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microeconomics that makes institutions endogenous. Entrepreneurs play a central economic role by establishing firms. In turn, firms create and operate markets and organizations. The book provides innovative models of economic equilibrium that endogenously determine the structure and function of economic institutions. The book proposes an 'intermediation hypothesis' - the establishment of firms depends on the effects of transaction costs and on the extent of the market
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xiii, 529 pages)
ISBN:9780511819902
DOI:10.1017/CBO9780511819902