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Неокласическата парадигма и проблема за „фирмата“/ Neoclassical Paradigm and the Problem of Firm
[Neoclassical Paradigm and the Problem of Firm]

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  • Tchipev, Plamen D

Abstract

Looking through a bit unusual perspective of the Corporate governance, the paper addresses the "paradox of the firm" which emerges in neoclassical economic paradigm and originates from Ronald Coase. It shows how the Transaction cost Economics tries to resolve the paradox and why it fails in this attempt. Some implications on Corporate governance are drown.

Suggested Citation

  • Tchipev, Plamen D, 2016. "Неокласическата парадигма и проблема за „фирмата“/ Neoclassical Paradigm and the Problem of Firm [Neoclassical Paradigm and the Problem of Firm]," MPRA Paper 80101, University Library of Munich, Germany, revised Jul 2017.
    • Handle: RePEc:pra:mprapa:80101
    as

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    File URL: https://mpra.ub.uni-muenchen.de/80101/1/MPRA_paper_80101.pdf
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    References listed on IDEAS

    as
    1. Fama, Eugene F & Jensen, Michael C, 1983. "Agency Problems and Residual Claims," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 327-349, June.
    2. Alchian, Armen A & Demsetz, Harold, 1972. "Production , Information Costs, and Economic Organization," American Economic Review, American Economic Association, vol. 62(5), pages 777-795, December.
    3. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    4. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    neoclassical economics paradigm; the firm; the corporation; corporate governance.;
    All these keywords.

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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