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

More about
Theory of the Firm

  • Class purpose General learning

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