Abstract
In this chapter we present two types of extensions of the traditional model of the firm. The first type explores different modes of management and the second type looks at the dynamics of the firm’s behavior.
Essentially all of the matrices exposited in this chapter appear here for the first time except for Section 3 which is based on El Hodiri and Takayama (1973). For the original formulation of the model of labor-managed firms, see Vanek (1970).
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© 1987 Springer-Verlag Berlin · Heidelberg
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Otani, Y., El-Hodiri, M. (1987). Topics in the Theory of the Firm. In: Microeconomic Theory. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-72791-7_10
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DOI: https://doi.org/10.1007/978-3-642-72791-7_10
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-17994-8
Online ISBN: 978-3-642-72791-7
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