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Cultural Variation in the Theory of the Firm

Author

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  • Donald W. Katzner

    (University of Massachusetts Amherst)

Abstract

This paper presents a model of the firm that includes the possibility of firm and employee-on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which self interest is not considered to be a primary force driving human behavior. Three types of firms are defined and their properties compared: the Western firm, the Japanese firm, and the clan. The third is a combination of the first two. JEL Categories: D21, Z19

Suggested Citation

  • Donald W. Katzner, 2005. "Cultural Variation in the Theory of the Firm," UMASS Amherst Economics Working Papers 2005-07, University of Massachusetts Amherst, Department of Economics.
    • Handle: RePEc:ums:papers:2005-07
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    File URL: http://www.umass.edu/economics/publications/2005-07.pdf
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    References listed on IDEAS

    as
    1. Katzner, Donald W., 2001. "Explaining the Japanese economic miracle," Japan and the World Economy, Elsevier, vol. 13(3), pages 303-319, August.
    2. Blinder Alan S., 1993. "A Simple Note on the Japanese Firm," Journal of the Japanese and International Economies, Elsevier, vol. 7(3), pages 238-255, September.
    3. Donald W. Katzner, 1999. "Western Economics and the Economy of Japan," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 21(3), pages 503-521, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Culture; firm; decision making;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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