Brown Markets, Organizations and Information

Beyond the Dichotomies of Industrial Organization
1. Auflage 2013
ISBN: 978-1-4831-0498-0
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 228 Seiten, Web PDF

Markets, Organizations and Information: Beyond the Dichotomies of Industrial Organization discusses the functions of institutions in solving economic problems. The book is comprised of 12 chapters that tackle aspects of industrial organization. The first chapter discusses ways to approach industrial organization. Chapter 2 covers the growth of the business firm from a historical perspective. Chapter 3 discusses the development of an actual theory of the firm. Chapter 4 talks about the appropriation of benefits, and Chapter 5 tackles the risk and capital in an information failures network. The book also discusses the market-like behavior within the firm, and then covers joint costs and benefits. Firm-like behavior, allocative inefficiency, x-inefficiency, and corporate takeovers are also explained. The book then covers the economic role of marketing, the vertical integration, and the product life cycle. The last chapter covers the multinational firm. The text will be of great use to readers who have an interest in neo-institutional analysis.

Autoren/Hrsg.

Brown, Wilson B.

Inhaltsverzeichnis

1;Front Cover;1
2;Markets, Organizations and Information: Beyond the Dichotomies of Industrial Organization;2
3;Copyright Page;3
4;Table of Contents;4
5;Foreword;6
6;Preface;8
7;Acknowledgements;10
8;CHAPTER 1. FRESH APPROACHES TO INDUSTRIAL ORGANIZATION;12
8.1;NEO-CLASSICAL AND NEO-INSTITUTIONAL APPROACHES;12
8.2;ECONOMICS AND UNCERTAINTY;20
8.3;THE CONCEPT OF THE FIRM;23
9;CHAPTER 2. THE GROWTH OF THE FIRM: A HISTORICAL PERSPECTIVE;28
9.1;ORGANIZATIONS FOR PRODUCTION;28
9.2;THE GROWTH OF THE MODERN BUSINESS FIRM;29
9.3;THE MODERN FIRM AND THE MARKET ECONOMY;35
9.4;EFFECT ON OTHER ORGANIZATIONS;36
10;CHAPTER 3. TOWARDS A THEORY OF THE FIRM;38
10.1;FIRM AND MARKET;38
10.2;THE NATURE OF INFORMATION;48
11;CHAPTER 4. THE APPROPRIATION OF BENEFITS;56
11.1;INFORMATION AND APPROPRIATION;56
11.2;COORDINATION, SYNERGY, AND THEIR RENTS;62
12;CHAPTER 5. RISK AND CAPITAL IN AN INFORMATION FAILURES FRAMEWORK;72
12.1;DEBT AND EQUITY;73
12.2;RISK, OWNERSHIP, AND ENTREPRENEURSHIP IN AN INFORMATION-SCARCE WORLD;78
12.3;RISK, INFORMATION, AND RESPONSIBILITY;81
13;CHAPTER 6. MARKET-LIKE BEHAVIOUR WITHIN THE FIRM;84
13.1;THE DEVELOPMENT OF PROFIT CENTRES;85
13.2;INTERNAL TRANSACTION COSTS;93
13.3;BEYOND MONITORING;96
14;CHAPTER 7. JOINT COSTS AND JOINT BENEFITS: ALLOCATING THE UNALLOCATABLE;98
14.1;ACCOUNTING, ECONOMICS, AND POSITIVISM;99
14.2;MANAGERIAL ACCOUNTING AND COSTS;100
14.3;HANDLING BENEFITS;107
15;CHAPTER 8. FIRM-LIKE BEHAVIOUR;112
15.1;THE OVERDRAWN DISTINCTION BETWEEN FIRMS AND MARKETS;112
15.2;THE ADMINISTERED CHANNEL;115
15.3;FRANCHISES;123
15.4;ALLIANCES;125
16;CHAPTER 9. ALLOCATIVE INEFFICIENCY, X-INEFFICIENCY, AND CORPORATE TAKEOVERS;128
16.1;THREE TYPES OF INEFFICIENCY;128
16.2;THE AGENCY PROBLEM;132
16.3;INFORMATION AND EQUITY MARKETS;136
16.4;TAKEOVERS, INFORMATION, AND THE DEBT MARKET;139
16.5;POISON PILLS AND ANTI-TAKEOVER LEGISLATION;140
16.6;X-INEFFICIENCY IN PUBLICLY OWNED CORPORATIONS;141
16.7;CONCLUSION;142
17;CHAPTER 10. THE ECONOMIC ROLE OF MARKETING;144
17.1;A NEO-INSTITUTIONAL INTERPRETATION OF MARKETING;144
17.2;MARKETING AS INFORMATION;149
17.3;MATCHING, RISKS, AND RENTS;150
17.4;THE ECONOMIC BENEFITS OF MARKETING;153
18;CHAPTER 11. VERTICAL INTEGRATION AND THE PRODUCT LIFE CYCLE;154
18.1;THE PRODUCT LIFE CYCLE;155
18.2;BENEFITS, ADMINISTRATIVE COSTS, AND TRANSACTION COSTS OVER THE LIFE CYCLE;161
19;CHAPTER 12. THE MULTINATIONAL FIRM;166
19.1;ORIGINS OF THE MULTINATIONAL FIRM;166
19.2;THE THEORETICAL CHALLENGE OF MULTINATIONALS;169
19.3;BEYOND THE ECLECTIC MODEL;173
19.4;How MULTINATIONAL FIRMS ARE DIFFERENT;175
19.5;THE EFFECTS OF LIMITING MULTINATIONAL ENTERPRISE;180
19.6;CONCLUSION;184
20;THE CASE STUDIES: INTRODUCTION;186
20.1;Case One PRESSURES FOR INTERNALIZATION (MASSEYFERGUSON);188
20.2;Case Two WESTERN FIRMS FACE DIFFICULTIES IN CONTRACTING OUT;194
20.2.1;THE INS AND OUTS OF OUTING;195
20.3;Case Three NORTHERN TELECOM'S INTERNAL MARKETS;198
20.3.1;A RATIONAL VIEW OF THE WORLD;199
20.4;Case Four THE BANANA BUSINESS;204
20.4.1;INTRODUCTION;205
20.4.2;A BRIEF HISTORY;205
20.4.3;UNITED FRUIT'S COMPETITORS;209
20.4.4;THE EXTENT OF VERTICAL INTEGRATION;209
20.4.5;OTHER ASPECTS OF THE BANANA INDUSTRY;212
20.5;Case Five THE NATURE OF RENT: A DEBATE;214
21;Bibliography;216
22;Index;224