Demsetz, Harold [1930 - ]
The Economics of the Business Firm: Seven Critical Commentaries
Cambridge, Cambridge University Press, (1995). orig.cloth. x,179 pp, 23x15cm. Minor rubbing. A bump to spine. VG.
¶ Contents: The firm in theory: its definition and existence; Agency and non-agency explanations of the firm's organization; Enterprise control, wealth, and economic development; Profit maximization and rational behavior; The use and abuse of accounting profit data; Management compensation and tournament theory; The intensity and dimensionality of competition ["The essays in this volume break new ground in the theory of the business firm and its applications in economics. A leading analyst of industrial organization, Professor Demsetz first critically examines current debates on the existence, definition, and organization of the firm and discusses conceptual and theoretical issues related to the emerging theory of the firm. He then analyzes contemporary treatments of the relation between business ownership, wealth, and economic development. Subsequent essays offer new perspectives on competition, profit maximization and rational behavior, and shed new light on managers' compensation, antitrust policy, and the accuracy of firms' accounting data.The latter themes will interest business audiences as well as professionals and students in economics. These previously unpublished essays derive from lectures originally presented at Uppsala and Lund Universities in Sweden, the Mont Pelerin Society meeting in Prague, and the Center for the Study of Economics and the State at the University of Chicago." - Publisher's description]

Expatriate Bookshop of Denmark
Professional sellerBook number: BOOKS013275I
USD 59.00 [Appr.: EURO 50.75 | £UK 44 | JP¥ 8748]
Keywords: Managerial Economics, Business Firm, Corporate Profits, Industrial, Organization, Economic Theory, , ,