The Theory of the Firm : Microeconomics with Endogenous Entrepreneurs, Firms, Markets, and Organizations
Book Details
Format
Paperback / Softback
ISBN-10
0521736609
ISBN-13
9780521736602
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Apr 6th, 2009
Print length
544 Pages
Weight
960 grams
Dimensions
25.20 x 17.90 x 2.90 cms
Product Classification:
Economic theory & philosophyMicroeconomics
Ksh 6,750.00
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The Theory of the Firm presents an innovative general framework for understanding the economics of the firm. Entrepreneurs play a pivotal role by establishing firms. The book addresses why firms exist and the contributions firms make to the economy. The book reexamines the foundations of microeconomics by making institutions endogenous.
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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