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ADJUSTMENT TO PRODUCTION UNCERTAINTY AND THE THEORY OF THE FIRM: A COMMENT
Economic Inquiry, 1990This paper reconsiders the model presented by Flacco and Kroetch [1986]. It shows that with additive technological uncertainty the firm will produce and contract to sell the same output as under certainty. When the Flacco/Kroetch model is generalized to allow the firm to select contract commitments and planned output ex ante, no simple comparisons with
Torsten Schmidt, John Tressler
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Information and the Production of Management in a Theory of the Firm
International Journal of the Economics of Business, 2017I show that the three main contributions to the theory of the business of the last century, those of Cobb and Douglas (1928), Coase (1937), and Lucas (1978), are actually complementary and can be fitted into a general model of the firm size choice as the solution to a problem of optimal allocation of decision-making in the economy.
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International Journal of Product Development, 2007
The main research streams, which focus on signals, signalling theory and Cue utilisation theory, stress the importance of a producer's credibility or reputation as an important factor that determines a signal's potential to reduce customer risk and to motivate customers to adopt a product.
Roland Helm, Antje Mark
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The main research streams, which focus on signals, signalling theory and Cue utilisation theory, stress the importance of a producer's credibility or reputation as an important factor that determines a signal's potential to reduce customer risk and to motivate customers to adopt a product.
Roland Helm, Antje Mark
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The classical theory of production and the capabilities view of the firm
Journal of Economic Studies, 1997Makes the case that the classical theory of production, as developed primarily by Adam Smith, should be seen as a precursor of the modern capabilities view of the firm (Penrose, Richardson, Nelson and Winter, Teece, Langlois and others). Furthermore, based on an empiricist epistemology, Smith developed ideas that are close to modern notions such as ...
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The Theory of the Firm and the Concept of an Elasticity of Substitution of Product Space
1987Much of the theory of the firm in product space is not nearly as well developed as the theory of the firm in factor space. For example, both general and agricultura1 economists have devoted considerable effort to developing functional forms representing production processes in factor space, but the companion effort in product space has been very ...
Debertin, David L., Debertin, David L.
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The Economic Theory of Production and Cost in the Multiproduct Firm
1995Although the single product firm often dominates theoretical treatises and textbooks on the economics of the firm, the importance of the multiproduct firm has long been recognised by economists. The first treatment of a firm producing more than one output appeared in John Stuart Mill’s Principles of Political Economy (1st edn 1848).
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The Theory of the Firm: Production, Capital and Finance.
The Economic Journal, 1970Brian J. Loasby, D. Vickers
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The Resilience of the Firm: A Production Theory Approach
SSRN Electronic Journal, 2017Noah Dormady +2 more
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Theory of Production, Cost and Behaviour of the Firm: A Comprehensive Reformulation
1999Once we have analysed the consumer equilibrium, we shall put forward the points concerning production, for which a similar method to that employed in chapter 1 will be used. In the first section, a brief introduction to the firm’s conventional theory will be presented.
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Production Prices and the Theory of the Firm
Journal of Post Keynesian Economics, 1980openaire +1 more source