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The Internal Costs Of The Firm

Author

Listed:
  • Monica Dudian

    (Academy of Economic Studies, Bucharest)

  • Aurelia Ştefănescu

    (Academy of Economic Studies, Bucharest)

  • Rodica Gherghina

    (Academy of Economic Studies, Bucharest)

  • Ioana Duca

    (Academy of Economic Studies, Bucharest)

Abstract

The Economics of the firm is affecting in the latest year of a changing perspective, from the firm like production function and market actor to internal organization of the firm. Producing suppose resource allocation by the entrepreneurs or/and managers and cooperation between individuals inside the firm. The existence of the firm like institution implies transaction costs, agency costs, the costs of creating incitation and the costs of reducing flexibility. In addition, the existence of the corporations modifies the costs of transaction and acts like a catalyst for the creation and developments of the other firms.

Suggested Citation

  • Monica Dudian & Aurelia Ştefănescu & Rodica Gherghina & Ioana Duca, 2007. "The Internal Costs Of The Firm," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(516)(s), pages 331-334, November.
    • Handle: RePEc:agr:journl:v:11(516)(supplement)(vol2):y:2007:i:11(516)(supplement)(vol2):p:331-334
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