The essays in this volume discuss 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…
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Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bounded rationality (the limited extent to which rational calculation can direct human behavior), Simon shows concretely why more empir…
"Institutional Change for Sustainable Development presents a flexible, accessible, yet robust conceptual framework for comprehending institutional dimensions of sustainability, emphasizing the complexity of institutional systems, and highlighting the interdependence between poli…
This volume presents a flexible conceptual framework for comprehending institutional dimensions of sustainability, emphasising the complexity of instututional systems, and highlighting the interdependence between policy learning and institutional change.
Studies of Japan's economy are full of misconceptions. The conventional view of the Japanese economy argues that the Japanese economic system, described by such keywords as dual structure, keiretsu, corporate groups, main banks, and subcontract, played a critical role in Japan's…
Economists have had little success in explaining the rarity of worker-controlled firms. This book provides case studies of such firms and surveys the available evidence on their design and behavior. It outlines a policy proposal to encourage employee buyouts of conventional firm…
This is Vol 3 of the Handbook of Industrial Organization series (HIO). Vols 1 & 2 published simultaneously in 1989 under the editorship of Richard Schmalensee and Robert Willig. Many of the chapters in these successful volumes were widely cited and appeared on graduate reading l…
"In this book Bernard Salanie studies the circumstances under which competitive markets fail to achieve a socially optimal equilibrium and the interventions that are used to remedy these market failures. The discussion focuses on the microeconomic aspects of market failures, enc…