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Paperback 3 Essays on Market, Hierarchy and Ethics Book

ISBN: 1835203892

ISBN13: 9781835203897

3 Essays on Market, Hierarchy and Ethics

What is the nature of the firm, and what is its purpose? Economic theories of the firm try to answer the questions of why firms exist and what are their boundaries (Holmstrom and Tirole 1989). However, they are not mere academic inquiries. They also have important implications for corporate governance and managerial practice because they can shape how we view relationships inside the firm and act in light of them. For instance, the economic theory...

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