Faster access than browser!
100 relations: Adolf A. Berle, Armen Alchian, Arne Nygaard, Asset specificity, Average cost, Bargaining, Bengt Holmström, Bid–ask spread, Blue-collar worker, Bounded rationality, Bureaucracy, Business, Carnegie School, Charles J. Hitch, Commons-based peer production, Company, Competition, Conglomerate (company), Contract, Contract theory, Corporation, Cost, Creative Commons, Delegation, Dynamic capabilities, Economic interventionism, Economics, Economies of scope, Efficiency wage, Empirical evidence, Employee benefits, Employment, Entrepreneurship, Equity (finance), Gains from trade, Gardiner Means, George Akerlof, George Barclay Richardson, Herbert A. Simon, Hold-up problem, Human capital, Incentive, Incomplete contracts, Industrial organization, Information asymmetry, James G. March, Jean Tirole, John Moore (economist), Knowledge-based theory of the firm, Labour economics, ..., Law, Linux, Luigi Zingales, Marginal product, Marginalism, Market (economics), Mergers and acquisitions, Michael C. Jensen, Moral hazard, Negotiation, Neoclassical economics, Oliver E. Williamson, Oliver Hart (economist), Open-source software, Organizational capital, Organizational effectiveness, Outline of industrial organization, Perfect competition, Price controls, Principal–agent problem, Privatization, Property rights (economics), Rationing, Reciprocity (cultural anthropology), Reputation, Returns to scale, Richard Cyert, Robert Dahlstrom, Ronald Coase, Rule of thumb, Sales tax, Sanford J. Grossman, Satisficing, Share-alike, Shareholder, Takeover, The American Economic Review, The Nature of the Firm, The New Palgrave Dictionary of Economics, The Wealth of Networks, Transaction cost, Trust (emotion), United States, Utility, White-collar worker, Wikipedia, William Baumol, Williamson's model of managerial discretion, X-inefficiency, Yochai Benkler. Expand index (50 more) »
Adolf A. Berle
Adolf Augustus Berle Jr. (January 27, 1895 – February 17, 1971) was a lawyer, educator, author, and U.S. diplomat.
New!!: Theory of the firm and Adolf A. Berle · See more »
Armen Alchian
Armen Albert Alchian (April 12, 1914 – February 19, 2013) was an American economist and professor of economics at the University of California, Los Angeles.
New!!: Theory of the firm and Armen Alchian · See more »
Arne Nygaard
Arne Nygaard (born 17 May 1957) is a Norwegian organizational theorist best known for his work with Robert Dahlstrom on transaction costs in franchising.
New!!: Theory of the firm and Arne Nygaard · See more »
Asset specificity
Asset specificity is a term related to the inter-party relationships of a transaction.
New!!: Theory of the firm and Asset specificity · See more »
Average cost
In economics, average cost and/or unit cost is equal to total cost divided by the number of goods produced (the output quantity, Q).
New!!: Theory of the firm and Average cost · See more »
Bargaining
Bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price and exact nature of a transaction.
New!!: Theory of the firm and Bargaining · See more »
Bengt Holmström
Bengt Robert Holmström (born 18 April 1949) is a Finnish economist who is currently Paul A. Samuelson Professor of Economics at the Massachusetts Institute of Technology.
New!!: Theory of the firm and Bengt Holmström · See more »
Bid–ask spread
The bid–ask spread (also bid–offer or bid/ask and buy/sell in the case of a market maker), is the difference between the prices quoted (either by a single market maker or in a limit order book) for an immediate sale (offer) and an immediate purchase (bid) for stocks, futures contracts, options, or currency pairs.
New!!: Theory of the firm and Bid–ask spread · See more »
Blue-collar worker
In the United States and (at least some) other English-speaking countries, a blue-collar worker is a working class person who performs manual labor.
New!!: Theory of the firm and Blue-collar worker · See more »
Bounded rationality
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the tractability of the decision problem, the cognitive limitations of their minds, and the time available to make the decision.
New!!: Theory of the firm and Bounded rationality · See more »
Bureaucracy
Bureaucracy refers to both a body of non-elective government officials and an administrative policy-making group.
New!!: Theory of the firm and Bureaucracy · See more »
Business
Business is the activity of making one's living or making money by producing or buying and selling products (goods and services).
New!!: Theory of the firm and Business · See more »
Carnegie School
The Carnegie School was a so-called "Freshwater" economics intellectual movement in the 1950s and 1960s based at Carnegie Mellon University and led by Herbert A. Simon, James March, and Richard Cyert.
New!!: Theory of the firm and Carnegie School · See more »
Charles J. Hitch
Charles J. Hitch (January 9, 1910 – September 11, 1995) was an American economist and Assistant Secretary of Defense (Comptroller) from 1961 to 1965.
New!!: Theory of the firm and Charles J. Hitch · See more »
Commons-based peer production
Commons-based peer production (CBPP) is a term coined by Harvard Law School professor Yochai Benkler.
New!!: Theory of the firm and Commons-based peer production · See more »
Company
A company, abbreviated as co., is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.
New!!: Theory of the firm and Company · See more »
Competition
Competition is, in general, a contest or rivalry between two or more entities, organisms, animals, individuals, economic groups or social groups, etc., for territory, a niche, for scarce resources, goods, for mates, for prestige, recognition, for awards, for group or social status, or for leadership and profit.
New!!: Theory of the firm and Competition · See more »
Conglomerate (company)
A conglomerate is the combination of two or more corporations operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries.
New!!: Theory of the firm and Conglomerate (company) · See more »
Contract
A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.
New!!: Theory of the firm and Contract · See more »
Contract theory
In economics, contract theory studies how economic actors can and do construct contractual arrangements, generally in the presence of asymmetric information.
New!!: Theory of the firm and Contract theory · See more »
Corporation
A corporation is a company or group of people or an organisation authorized to act as a single entity (legally a person) and recognized as such in law.
New!!: Theory of the firm and Corporation · See more »
Cost
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore.
New!!: Theory of the firm and Cost · See more »
Creative Commons
Creative Commons (CC) is an American non-profit organization devoted to expanding the range of creative works available for others to build upon legally and to share.
New!!: Theory of the firm and Creative Commons · See more »
Delegation
Delegation is the assignment of any responsibility or authority to another person (normally from a manager to a subordinate) to carry out specific activities.
New!!: Theory of the firm and Delegation · See more »
Dynamic capabilities
In organizational theory, dynamic capability is the capability of an organization to purposefully adapt an organization's resource base.
New!!: Theory of the firm and Dynamic capabilities · See more »
Economic interventionism
Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.
New!!: Theory of the firm and Economic interventionism · See more »
Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
New!!: Theory of the firm and Economics · See more »
Economies of scope
Economies of scope are "efficiencies formed by variety, not volume" (the latter concept is "economies of scale").
New!!: Theory of the firm and Economies of scope · See more »
Efficiency wage
In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, form in a way that is not market-clearing.
New!!: Theory of the firm and Efficiency wage · See more »
Empirical evidence
Empirical evidence, also known as sensory experience, is the information received by means of the senses, particularly by observation and documentation of patterns and behavior through experimentation.
New!!: Theory of the firm and Empirical evidence · See more »
Employee benefits
Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries.
New!!: Theory of the firm and Employee benefits · See more »
Employment
Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.
New!!: Theory of the firm and Employment · See more »
Entrepreneurship
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business.
New!!: Theory of the firm and Entrepreneurship · See more »
Equity (finance)
In accounting, equity (or owner's equity) is the difference between the value of the assets and the value of the liabilities of something owned.
New!!: Theory of the firm and Equity (finance) · See more »
Gains from trade
In economics, gains from trade are the net benefits to economic agents from being allowed an increase in voluntary trading with each other.
New!!: Theory of the firm and Gains from trade · See more »
Gardiner Means
Gardiner Coit Means (June 8, 1896 in Windham, Connecticut – February 15, 1988 in Vienna, Virginia) was an American economist who worked at Harvard University, where he met lawyer-diplomat Adolf Berle.
New!!: Theory of the firm and Gardiner Means · See more »
George Akerlof
George Arthur Akerlof (born June 17, 1940) is an American economist who is a University Professor at the McCourt School of Public Policy at Georgetown University and Koshland Professor of Economics Emeritus at the University of California, Berkeley.
New!!: Theory of the firm and George Akerlof · See more »
George Barclay Richardson
George Barclay Richardson CBE (born 19 September 1924) is a British economist, who was Warden of Keble College, Oxford, from 1989 to 1994.
New!!: Theory of the firm and George Barclay Richardson · See more »
Herbert A. Simon
Herbert Alexander Simon (June 15, 1916 – February 9, 2001) was an American economist and political scientist whose primary interest was decision-making within organizations and is best known for the theories of "bounded rationality" and "satisficing".
New!!: Theory of the firm and Herbert A. Simon · See more »
Hold-up problem
In economics, the hold-up problem (or commitment problem) is central to the theory of incomplete contracts and shows the difficulty in writing complete contracts.
New!!: Theory of the firm and Hold-up problem · See more »
Human capital
Human capital is a term popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, and Jacob Mincer.
New!!: Theory of the firm and Human capital · See more »
Incentive
An incentive is something that motivates an individual to perform an action.
New!!: Theory of the firm and Incentive · See more »
Incomplete contracts
In economic theory, the field of contract theory can be subdivided in the theory of complete contracts and the theory of incomplete contracts.
New!!: Theory of the firm and Incomplete contracts · See more »
Industrial organization
In economics, industrial organization or industrial economy is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets.
New!!: Theory of the firm and Industrial organization · See more »
Information asymmetry
In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other.
New!!: Theory of the firm and Information asymmetry · See more »
James G. March
James Gardner March (born 1928 in Cleveland, Ohio) is Jack Steele Parker professor emeritus at Stanford University and the Stanford Graduate School of Education, best known for his research on organizations, his (jointly with Richard Cyert) ''A behavioral theory of the firm'' and organizational decision making.
New!!: Theory of the firm and James G. March · See more »
Jean Tirole
Jean Tirole (born 9 August 1953) is a French professor of economics.
New!!: Theory of the firm and Jean Tirole · See more »
John Moore (economist)
John Halstead Hardman Moore CBE FBA FRSE (born 7 May 1954) is an economic theorist.
New!!: Theory of the firm and John Moore (economist) · See more »
Knowledge-based theory of the firm
The knowledge-based theory of the firm considers knowledge as the most strategically significant resource of a firm.
New!!: Theory of the firm and Knowledge-based theory of the firm · See more »
Labour economics
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.
New!!: Theory of the firm and Labour economics · See more »
Law
Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior.
New!!: Theory of the firm and Law · See more »
Linux
Linux is a family of free and open-source software operating systems built around the Linux kernel.
New!!: Theory of the firm and Linux · See more »
Luigi Zingales
Luigi G. Zingales (born February 8, 1963 in Padua, Italy), is a finance professor at the University of Chicago Booth School of Business, and the author of two widely reviewed books.
New!!: Theory of the firm and Luigi Zingales · See more »
Marginal product
In economics and in particular neoclassical economics, the marginal product or marginal physical product of an input (factor of production) is the change in output resulting from employing one more unit of a particular input (for instance, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant.
New!!: Theory of the firm and Marginal product · See more »
Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
New!!: Theory of the firm and Marginalism · See more »
Market (economics)
A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.
New!!: Theory of the firm and Market (economics) · See more »
Mergers and acquisitions
Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.
New!!: Theory of the firm and Mergers and acquisitions · See more »
Michael C. Jensen
Michael Cole "Mike" Jensen (born November 30, 1939), an American economist, works in the area of financial economics.
New!!: Theory of the firm and Michael C. Jensen · See more »
Moral hazard
In economics, moral hazard occurs when someone increases their exposure to risk when insured.
New!!: Theory of the firm and Moral hazard · See more »
Negotiation
Negotiation comes from the Latin neg (no) and otsia (leisure) referring to businessmen who, unlike the patricians, had no leisure time in their industriousness; it held the meaning of business (le négoce in French) until the 17th century when it took on the diplomatic connotation as a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues.
New!!: Theory of the firm and Negotiation · See more »
Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
New!!: Theory of the firm and Neoclassical economics · See more »
Oliver E. Williamson
Oliver Eaton Williamson (born September 27, 1932) is an American economist, a professor at the University of California, Berkeley, and recipient of the 2009 Nobel Memorial Prize in Economic Sciences, which he shared with Elinor Ostrom.
New!!: Theory of the firm and Oliver E. Williamson · See more »
Oliver Hart (economist)
Oliver Simon D'Arcy Hart (born on October 9, 1948) is a British-born American economist, currently the Andrew E. Furer Professor of Economics at Harvard University.
New!!: Theory of the firm and Oliver Hart (economist) · See more »
Open-source software
Open-source software (OSS) is a type of computer software whose source code is released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
New!!: Theory of the firm and Open-source software · See more »
Organizational capital
Organizational capital is the value to an enterprise which is derived from organization philosophy and systems which leverage the organization’s capability in delivering goods or services.
New!!: Theory of the firm and Organizational capital · See more »
Organizational effectiveness
Organizational effectiveness is the concept of how effective an organization is in achieving the outcomes the organization intends to produce.
New!!: Theory of the firm and Organizational effectiveness · See more »
Outline of industrial organization
The following outline is provided as an overview of and topical guide to industrial organization: Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions.
New!!: Theory of the firm and Outline of industrial organization · See more »
Perfect competition
In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.
New!!: Theory of the firm and Perfect competition · See more »
Price controls
Price controls are governmental restrictions on the prices that can be charged for goods and services in a market.
New!!: Theory of the firm and Price controls · See more »
Principal–agent problem
The principal–agent problem, in political science and economics, (also known as agency dilemma or the agency problem) occurs when one person or entity (the "agent") is able to make decisions and/or take actions on behalf of, or that impact, another person or entity: the "principal".
New!!: Theory of the firm and Principal–agent problem · See more »
Privatization
Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors.
New!!: Theory of the firm and Privatization · See more »
Property rights (economics)
Property rights are theoretical socially-enforced constructs in economics for determining how a resource or economic good is used and owned.
New!!: Theory of the firm and Property rights (economics) · See more »
Rationing
Rationing is the controlled distribution of scarce resources, goods, or services, or an artificial restriction of demand.
New!!: Theory of the firm and Rationing · See more »
Reciprocity (cultural anthropology)
In cultural anthropology, reciprocity refers to the non-market exchange of goods or labour ranging from direct barter (immediate exchange) to forms of gift exchange where a return is eventually expected (delayed exchange) as in the exchange of birthday gifts.
New!!: Theory of the firm and Reciprocity (cultural anthropology) · See more »
Reputation
Reputation or image of a social entity (a person, a social group, or an organization) is an opinion about that entity, typically as a result of social evaluation on a set of criteria.
New!!: Theory of the firm and Reputation · See more »
Returns to scale
In economics, returns to scale and economies of scale are related but different terms that describe what happens as the scale of production increases in the long run, when all input levels including physical capital usage are variable (chosen by the firm).
New!!: Theory of the firm and Returns to scale · See more »
Richard Cyert
Richard Michael Cyert (July 22, 1921 – October 7, 1998) was an American economist, statistician and organizational theorist, who served as the sixth President of Carnegie Mellon University in Pittsburgh, Pennsylvania, United States, known from his seminal 1959 work "''A behavioral theory of the firm''" co-authored with and James G. March.
New!!: Theory of the firm and Richard Cyert · See more »
Robert Dahlstrom
Robert F. Dahlstrom (born c. 1958) is an American organizational theorist and Seibert Professor at Miami University, Department of Marketing.
New!!: Theory of the firm and Robert Dahlstrom · See more »
Ronald Coase
Ronald Harry Coase (29 December 1910 – 2 September 2013) was a British economist and author.
New!!: Theory of the firm and Ronald Coase · See more »
Rule of thumb
The English phrase rule of thumb refers to a principle with broad application that is not intended to be strictly accurate or reliable for every situation.
New!!: Theory of the firm and Rule of thumb · See more »
Sales tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services.
New!!: Theory of the firm and Sales tax · See more »
Sanford J. Grossman
Sanford "Sandy" Jay Grossman (born July 21, 1953) is an American economist and hedge fund manager specializing in quantitative finance.
New!!: Theory of the firm and Sanford J. Grossman · See more »
Satisficing
Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met.
New!!: Theory of the firm and Satisficing · See more »
Share-alike
Share-alike is a copyright licensing term, originally used by the Creative Commons project, to describe works or licences that require copies or adaptations of the work to be released under the same or similar licence as the original.
New!!: Theory of the firm and Share-alike · See more »
Shareholder
A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation.
New!!: Theory of the firm and Shareholder · See more »
Takeover
In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder).
New!!: Theory of the firm and Takeover · See more »
The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics.
New!!: Theory of the firm and The American Economic Review · See more »
The Nature of the Firm
“The Nature of the Firm” (1937), is an article by Ronald Coase.
New!!: Theory of the firm and The Nature of the Firm · See more »
The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.
New!!: Theory of the firm and The New Palgrave Dictionary of Economics · See more »
The Wealth of Networks
The Wealth of Networks: How Social Production Transforms Markets and Freedom is a book by Harvard Law School professor Yochai Benkler published by Yale University Press on April 3, 2006.
New!!: Theory of the firm and The Wealth of Networks · See more »
Transaction cost
In economics and related disciplines, a transaction cost is a cost in making any economic trade when participating in a market.
New!!: Theory of the firm and Transaction cost · See more »
Trust (emotion)
In a social context, trust has several connotations.
New!!: Theory of the firm and Trust (emotion) · See more »
United States
The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
New!!: Theory of the firm and United States · See more »
Utility
Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.
New!!: Theory of the firm and Utility · See more »
White-collar worker
In many countries (such as Australia, Canada, France, New Zealand, United Kingdom, and United States), a white-collar worker is a person who performs professional, managerial, or administrative work.
New!!: Theory of the firm and White-collar worker · See more »
Wikipedia
Wikipedia is a multilingual, web-based, free encyclopedia that is based on a model of openly editable content.
New!!: Theory of the firm and Wikipedia · See more »
William Baumol
William Jack Baumol (February 26, 1922 – May 4, 2017) was an American economist.
New!!: Theory of the firm and William Baumol · See more »
Williamson's model of managerial discretion
Oliver E. Williamson hypothesised (1964) that profit maximization would not be the objective of the managers of a joint stock organisation.
New!!: Theory of the firm and Williamson's model of managerial discretion · See more »
X-inefficiency
X-inefficiency is the difference between efficient behavior of businesses assumed or implied by economic theory and their observed behavior in practice caused by a lack of competitive pressure.
New!!: Theory of the firm and X-inefficiency · See more »
Yochai Benkler
Yochai Benkler (born 1964) is an Israeli-American author and the Berkman Professor of Entrepreneurial Legal Studies at Harvard Law School.
New!!: Theory of the firm and Yochai Benkler · See more »
Redirects here:
Organizational Dimensions of Information, Organizational dimensions of information, The Theory of the Firm, Theory of the Firm.
References
[1] https://en.wikipedia.org/wiki/Theory_of_the_firm
