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The Co-Operative Game Theory of the Firm
     

The Co-Operative Game Theory of the Firm

by Masahiko Aoki
 

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This highly original book challenges the orthodox economic theory of the firm as a mysterious "black box" whose internal design is unknown and irrelevant and which operates solely to maximize shareholder profit. Instead, the author proposes a new "cooperative game theory," in which the firm is a coalition of shareholders and employees, with its

Overview

This highly original book challenges the orthodox economic theory of the firm as a mysterious "black box" whose internal design is unknown and irrelevant and which operates solely to maximize shareholder profit. Instead, the author proposes a new "cooperative game theory," in which the firm is a coalition of shareholders and employees, with its market behavior and internal distribution the result of a cooperative game (bargaining). Aoki tests his model against existing industrial structures, including the Anglo-American unionized firm, the German/Swedish co-determination firm, and the American non-union or Japanese firm.

Product Details

ISBN-13:
9780198772682
Publisher:
Oxford University Press, USA
Publication date:
02/01/1984
Pages:
229
Product dimensions:
6.13(w) x 9.19(h) x 0.48(d)

Meet the Author

Stanford University

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