Equilibrium, outcomes, and the economics of organization

Thomas N. Hubbard

International Journal of Industrial Organization, 2010, vol. 28, issue 4, 359-361

Abstract: Most empirical work in the economics of organization consists of theory-testing exercises, where the theories under examination rely on optimality principles but not equilibrium. This paper discusses recent attempts to bring equilibrium analysis into the economics of organization, highlighting the types of research questions that researchers can investigate and the evidentiary and analytical inputs necessary in such approaches.

Keywords: Productivity; Inequality; Structural; Hierarchy (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:indorg:v:28:y:2010:i:4:p:359-361

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