The Economics of the Business Firm: Seven Critical Commentaries

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Cambridge University Press, 1 янв. 1997 г. - Всего страниц: 179
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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.

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The firm of theory its definition and existence
Agency and nonagency explanations of the firms organization
Enterprise control wealth and economic development
Profit maximization and rational behavior
The use and abuse of accounting profit data
Management compensation and tournament theory
The intensity and dimensionality of competition
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Об авторе (1997)

Harold Demsetz is Arthur Anderson UCLA Alumni Emeritus Professor of Business Economics at the University of California, Los Angeles, where he has taught since 1971 and where he directed UCLA's business economics program. Counted among the world's 100 most eminent economists in Mark Blaug's book Great Economists Since Keynes, his published work was recently ranked as among the top ten most frequently cited bodies of work by an economist. Who's Who in America and Who's Who in Economics, among other directories, include his biography.

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