The Economics of the Business Firm: Seven Critical CommentariesCambridge University Press, 13 сент. 1996 г. - Всего страниц: 192 The essays in this volume break new ground in 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. He then analyzes the relation among business ownership, wealth, and economic development. Subsequent essays offer new perspectives on competition, profit maximization and rational behavior, and shed new light on managers' compensation, antitrust policy, and the accuracy of firms' accounting data. |
Содержание
Preface page ix | 1 |
Agency and nonagency explanations of the firms organization | 15 |
References | 170 |
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Другие издания - Просмотреть все
The Economics of the Business Firm: Seven Critical Commentaries Harold Demsetz Ограниченный просмотр - 1997 |
The Economics of the Business Firm: Seven Critical Commentaries Harold Demsetz Недоступно для просмотра - 1995 |
Часто встречающиеся слова и выражения
accounting data accounting profit rates activities agency problem Alchian antitrust assets bounded rationality calculated capital CEO compensation changes closed-end fund Coase commentary competitive intensity control problem corporation correlation decision decision problem Demsetz distribution of wealth economic efficient effort employees equity error executive compensation existence expected explanation firm-specific risk firm's funds greater imperfect information important incentives increase inputs investment investors Knight knowledge large firms less levels managed coordination management compensation marginal cost market concentration measured ment merger monitoring neoclassical theory on-the-job consumption open-end funds organization owners ownership concentration ownership structure percent perfect competition persons positive profit price agreements price system productivity professional management profit maximization rank-order compensation rate of return rational behavior reduce reflect regression rely requires satisficing share earnings share price shareholders simply specialized statistics stock price studies substitution tion tournament compensation tournament theory transaction cost variables vertical integration wages X-efficiency yield
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