INDIRECT PRICING THEORY OF THE FIRM: A GENERAL-EQUILIBRIUM ANALYSIS INVOLVING PRODUCTION TECHNOLOGY AND MANAGEMENT SERVICE

Guo-qiang Li and Yew-Kwang Ng ()

Pacific Economic Review, 2007, vol. 12, issue 1, pages 129-148

Abstract: This paper develops a general-equilibrium model that involves production technology and management service to study the emergence of firms from the perspective of saving transaction costs. Inframarginal analysis is used to formalize Coase and Cheung's theory of the firm and to generalize Yang and Ng's indirect pricing theory of the firm. Not only the emergence of firms, their growth and contraction, but also the relevant conditions for the existence of technology entrepreneurs and professional management are also investigated. Copyright 2007 The Authors
Journal compilation 2007 Blackwell Publishing Ltd

Date: 2007

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-0106.2007.00345.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:pacecr:v:12:y:2007:i:1:p:129-148

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1361-374X

Access Statistics for this article

Pacific Economic Review is edited by Kenneth S. Chan and Yin-wong Cheung

More articles in Pacific Economic Review from Blackwell Publishing
Series data maintained by Christopher F. Baum ().