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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Theory of the Firm

The Theory of the Firm

Spulber, Daniel F.

Paperback

Business GeneralEconomics

ISBN10: 0521736609
ISBN13: 9780521736602
Publisher: Cambridge University Press
Published: Apr 6 2009
Pages: 544
Weight: 2.05
Height: 1.30 Width: 6.90 Depth: 9.90
Language: English
The Theory of the Firm presents a path-breaking general framework for understanding the economics of the firm. The book addresses why firms exist, how firms are established, and what contributions firms make to the economy. The book presents a new theoretical analysis of the foundations of microeconomics that makes institutions endogenous. Entrepreneurs play a central economic role by establishing firms. In turn, firms create and operate markets and organizations. The book provides innovative models of economic equilibrium that endogenously determine the structure and function of economic institutions. The book proposes an intermediation hypothesis - the establishment of firms depends on the effects of transaction costs and on the extent of the market.

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