Economic Theories of the Firm: Past, Present, and Future
AbstractThe authors explore the current state of the theory of the firm, with attention to its historical origins. Answers to the crucial theoretical question of why an organization c ontrolled by a central authority cannot always duplicate the performa nce of a decentralized organization are presented. Finally, the autho rs describe some important current directions in the theory of the fi rm and point out promising avenues for continuing research.
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Bibliographic InfoArticle provided by Canadian Economics Association in its journal Canadian Journal of Economics.
Volume (Year): 21 (1988)
Issue (Month): 3 (August)
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Postal: Canadian Economics Association Prof. Steven Ambler, Secretary-Treasurer c/o Olivier Lebert, CEA/CJE/CPP Office C.P. 35006, 1221 Fleury Est Montréal, Québec, Canada H2C 3K4
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- Pei, Di, 2010. "Incomplete Contracts: Foundations and Applications," MPRA Paper 23650, University Library of Munich, Germany, revised 10 Jun 2010.
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