Cooperative Nature of the Firm

Name: Cooperative Nature of the Firm
Price: 47.49 USD
Availability: InStock
ISBN: 9780521059695

ISBN-10: 0521059690

ISBN-13: 9780521059695

Edition: 2008

Authors: Tatsuro Ichiishi

List price: $46.99

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Description:

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…

Book details

List price: $46.99
Copyright year: 2008
Publisher: Cambridge University Press
Publication date: 2/4/2008
Binding: Paperback
Pages: 232
Size: 5.98" wide x 8.98" long x 0.67" tall
Weight: 0.836
Language: English



Preface



Elements of the theory of the firm



Descriptive cooperative game theory



General equilibrium analysis of the nature of the firm



Welfare implications of the nature of the firm



Normative theory of production economy with increasing returns to scale



Stable hierarchical structures


References


Index