Theory of the Firm

Thorsten Hens and Marc Oliver Rieger
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Thorsten Hens: University of Zurich
Marc Oliver Rieger: University of Trier

Chapter 6 in Financial Economics, 2016, pp 257-276 from Springer

Abstract: Abstract We will now extend the financial economy $$\mathcal{E}_{F}$$ to cover problems of production and production units, i.e. firms. Among other things, this allows conclusions about the behaviour of firms in markets. So far we assumed bond payoffs to be exogenous, ignoring the decision-making process of the bonds’ issuers. A precise theory of the firm will analyze this process, resulting in bonds whose payoff structure is determined by various economic parameters.

Keywords: Economic Agent; Budget Restriction; Bond Market; Production Policy; Incomplete Market (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-662-49688-6_6

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