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Theory of the Firm

This class was created by Brainscape user Felix Heilmann. Visit their profile to learn more about the creator.

By: Felix Heilmann
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Decks in this class (11)

Session 1: What is "the Theory of the Firm"?
Motivation problems 1,
Co ordination problems 2,
Optimal division of labor 3
8  cards
Session 2: Decision-making and interaction: Classical and bounded rational
Classical architecture 1,
Classifying organization theories 2,
Degree of rationality 3
9  cards
Session 3: Efficiency, prices and property rights: Benchmarks
The welfare theorem 1,
Edgeworth box 2,
Pareto optimal 3
16  cards
Session 4: Agency Theory I: Basic theory
Principal agent relationship basi...,
Assumptions about p and a 2,
Behavioral assumptions contracts ...
20  cards
Session 5: Agency Theory II: Applications
Jensen murphy 1990 purpose of pap...,
Jensen murphy 1990 findings 2,
Jensen murphy 1990 why so little ...
11  cards
Session 6: Internal Organization I
Jensen meckling 1995 focus of pap...,
Jensen meckling 1995 decision rig...,
Jensen meckling 1995 centralized ...
19  cards
Session 7: Internal organization II
Galbraith 1974 task uncertainty a...,
Galbraith 1974 design strategies 2,
Galbraith 1974 design strategies ...
15  cards
Session 8: The Boundaries of the Firm I: Transaction Cost Economics
Observable vs verifiable informat...,
The size of a firm 2,
Transaction costs 3
18  cards
Session 9: The boundaries of the firm II: Applications
Zhou 2011 focus of the paper 1,
Zhou 2011 views on diversification 2,
Zhou 2011 diversification and syn...
17  cards
Session 10: The boundaries of the firm III: Property Rights
Governance structure 1,
Property rights approach pra 2,
Tce s response to market failure 3
22  cards
Session 11: Self-enforcing contracts
Informal contracts and repeated r...,
Self enforcing contracts 2,
Drivers of self enforcing contrac...
16  cards

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Theory of the Firm

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