THE THEORY OF THE FIRM by Daniel F. Spulber ( 9780521736602 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

THE THEORY OF THE FIRM
MICROECONOMICS WITH ENDOGENOUS ENTREPRENEURS, FIRMS, MARKETS, AND ORGANIZATIONS

By:

Daniel F. Spulber

Format:

Paperback

List price:

£30.99

Our price:

£27.12

Discount:

12.5% off

You save:

£3.87

ISBN 10:

0521736609

ISBN 13:

9780521736602

Availability:

Usually dispatched within 1-3 weeks.

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Stock:

Currently 0 available

Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

1 April, 2009

Pages:

544

Description:

The Theory of the Firm presents an innovative general analysis of the economics of the firm.

Synopsis:

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.

Illustrations:

44 b/w illus. 5 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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