Towards an Out of Equilibrium Theory of the Firm

Mario Amendola () and Jean-Luc Gaffard
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Mario Amendola: UNIROMA - Università degli Studi di Roma "La Sapienza" = Sapienza University [Rome]

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Abstract: In this paper two different definitions of the firm and its functions are contrasted, reflecting different problems to which the attention is drawn and hence different analytical approaches. A problem of allocation of resources is stressed by the standard theory of the firm. This implies an ex-post representation of production, technology and the environment which makes it possible to carry out the analysis with reference to equilibrium configurations and in terms of efficient solutions interpreted as (punctual or intertemporal) optimal alloca tive choices (...).

Date: 1992-02
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Published in Metroeconomica, 1992, 43 (1-2), pp.267 - 288

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03399104

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