The Theory of the Firm

Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations

Business & Finance, Management & Leadership, Industrial Management, Nonfiction, Reference & Language, Law
Cover of the book The Theory of the Firm by Daniel F. Spulber, Cambridge University Press
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Author: Daniel F. Spulber ISBN: 9780511738784
Publisher: Cambridge University Press Publication: April 6, 2009
Imprint: Cambridge University Press Language: English
Author: Daniel F. Spulber
ISBN: 9780511738784
Publisher: Cambridge University Press
Publication: April 6, 2009
Imprint: Cambridge University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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