Cost analysis for pricing: Exploring the gap between theory and practice

Michael Lucas and James Rafferty

The British Accounting Review, 2008, vol. 40, issue 2, 148-160

Abstract: There has been much discussion over many years of the alleged gap between management accounting theory and practice. Whereas researchers sympathetic to neoclassical economics have sought to rationalise the gap in terms of information economics and have proposed constrained optimisation as the norm, Scapens [Scapens, R.W., 1994. Never mind the gap: towards an institutional perspective of management accounting practices. Management Accounting Research 5, 302–321.] and Ahmed and Scapens [Ahmed, M.N., Scapens, R.W., 2000. Cost allocation in Britain: towards an institutional analysis. European Accounting Review 9(2), 159–204.] have suggested that the old institutional economics framework might better explain management accounting practice.

Keywords: Cost accounting; Pricing decisions; Institutional economics; Case study (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:bracre:v:40:y:2008:i:2:p:148-160

DOI: 10.1016/j.bar.2007.11.002

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