Market economy has become today the predominant economic system in the world. One of the tasks of the book is to define analytically the essential features of a market economy. The other purpose is to investigate the very working of a market economy which rests on firms defined as organizations and markets seen as institutions. It also supposes a renewed conception of cooperation and competition. The book will permit the reader to acquire a fresh view on market economies, stressing simultaneously their unity and diversity. It will also interest specialists of microeconomics as well as industrial organization, economics of technology and institutional economcis.
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ISBN-13
978-3-642-72043-7 (9783642720437)
DOI
10.1007/978-3-642-72043-7
Schweitzer Klassifikation
1. "What is a Market Economy ? ".- Consumer Sovereignty.- " Free " Enterprise.- Free Market.- Free Competition.- The Invisible Hand.- Laissez-Faire.- 2. "How Does it Work ? ".- Information, Institution, and Evolution.- New Institutional and New Keynesian Economics.- Evolutionary Theories.- Firms as Organizations.- Theories of the Firm.- Property and Control.- Organizational Competencies and the Boundaries of the Firms.- Innovative Behaviour.- Financing the Firm.- Markets as Institutions.- Auction Markets.- Product Markets.- Service Markets.- Credit Markets.- Financial Markets.- Labour Market(s).- International Markets.- Competition and Cooperation.- Product Differentiation.- Regulation and Deregulation.- Competition Policy.- Vertical Integration and Vertical Restraints.- Inter-Firm Cooperative Agreements.- Local Systems of Production and Innovation.- Multinational Firms.- Internationalization of Firms through Cooperation.- References.- Contributors.
