The Cooperative Nature of the Firm
Book Details
Format
Paperback / Softback
ISBN-10
0521059690
ISBN-13
9780521059695
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Feb 4th, 2008
Print length
232 Pages
Weight
354 grams
Dimensions
15.70 x 22.90 x 1.70 cms
Product Classification:
MicroeconomicsPersonnel & human resources managementPersonnel and human resources management
Ksh 7,550.00
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Using a theory embodying both the neoclassical market mechanism, and the cooperative game, this is a study of two major resource allocation mechanisms; price and the organization of firms.
This book is an analysis of the modern economy's two major resource allocation mechanisms. The price mechanism has been subject to extensive examination by neoclassical economists, but there has been relatively little attention paid to the impact of the organization of firms on allocation. Professor Ichiishi presents a distinctive theory of the firm which views firms as organizations characterized by diversity of interest among their members, but an acceptance of a coordinated choice of activities: a coalition formed when people play a cooperative game. Using a theory embodying both the neoclassical market mechanism, and the cooperative game, the author derives a number of original results thereby contributing to the theory of the firm, cooperative game theory, and general equilibrium analysis theory.
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