The Economics of the Firm

With specialist authors in each of the fields covered, this book offers a consistent and accessible introduction to the recent, rapid developments in the economic analysis of the firm. Emphasizing recent work on the concepts of agency, markets, managerial hierarachies and corporate strategic behaviour, the contributors consider vertical integration, conglomerates, multinationals and the relationships between principals and agents. These general ideas are developed in the first half of the book and are followed by discusssions of particular areas of firm operation. The contributors include Norman Strong, Mike Waterson, Bruce Lyons, Steve Davies and Mark Casson.