The Co-operative Game Theory of the Firm
Neoclassical economic theory treats the firm as a "black box" whose internal design need not be known. The author proposes a new model which treats employees as an integral part of the firm.
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THE NEOCLASSICAL THEORY OF THE FIRM
THE MANAGERIAL THEORY OF THE FIRM
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activities agent agreement allocation amount associated assumed become body called capital Chapter collective bargaining contract corporate cost council curve decision-making decisions defined demand determined directors discussion distribution earnings economic effect efficiency employees employment enterprise equal equilibrium existing expected financing firm function gains given growth growth rate hand higher important income increase individual industrial institutional interests internal investment involved issues labour managerial managerial policy marginal maximization mechanism ment nature neoclassical organization organizational organizational equilibrium organizational rent participation period position possible premium production profit reasonable recognized referred regarding relations relative representatives require respect result risk role rule seems share shareholders specific structure Suppose theory trade union United utility function wage workers
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Understanding Industrial Relations in Modern Japan
Snippet view - 1988