The Cooperative Nature of the Firm

The Cooperative Nature of the Firm

by Tatsuro Ichiishi
     
 

ISBN-10: 052141444X

ISBN-13: 9780521414449

Pub. Date: 05/28/2003

Publisher: Cambridge University Press

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 that views firms…  See more details below

Overview

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 that views firms as organizations characterized by diversity of interest among their members. The author derives a number of original results, thereby contributing to the theory of the firm, cooperative game theory, and general equilibrium analysis theory.

Product Details

ISBN-13:
9780521414449
Publisher:
Cambridge University Press
Publication date:
05/28/2003
Pages:
232
Product dimensions:
6.26(w) x 8.03(h) x 0.67(d)

Table of Contents

Preface; 1. Elements of the theory of the firm; 2. Descriptive cooperative game theory; 3. General equilibrium analysis of the nature of the firm; 4. Welfare implications of the nature of the firm; 5. Normative theory of production economy with increasing returns to scale; 6. Stable hierarchical structures; References; Index.

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