Theory of the firm and structure of residual rights

Article Abstract:

A model on the theory of the firm based on labor division and a structure of residual rights is developed. The model assumes consumer-producer relations, economies of specialization and transaction costs. Transaction costs are necessary but not sufficient as productivity conditions for ownership structure. Thus, such costs exhibit a tradeoff with economies of specialization.

Business enterprises, Division of labor

---

Do the economies of specialization justify the work ethics? An examination of Buchanan's hypothesis

Article Abstract:

An interesting hypothesis has been put forth by Buchanan, explaining the prevalence of an ethic, encouraging more work. The validity and significance of this hypothesis are being examined in the Yang-Ng framework of inframarginal analysis. However, the examination reports the significance to be small, in the present world of global trade.

United States, Models, Evaluation, Consumption (Economics), Work ethic

---

Attitude choice, economic change, and welfare

Article Abstract:

Research is presented describing the study of materialism and social attitudes towards wealth accumulation relating to either high or low income levels.

Economic research, Study and teaching, Materialism, Level of aspiration

Similar abstracts:

• Abstracts: Bid-ask spreads and the avoidance of odd-eight quotas on Nasdaq: an examination of exchange listings. Why Nasdaq market makers avoid odd-eighth quotes
• Abstracts: The maket structure of broadband telecommunications. The antitrust implications of capacity reallocation by a dominant firm
• Abstracts: The effects of industry structure on economic exposure. Exchange rate exposure, hedging, and the use of foreign currency derivatives
• Abstracts: Heckscher-Ohline revisited: implications of differential population dynamics for trade within an overlapping generations framework
• Abstracts: Returns to contrarian investment strategies: tests of naive expectations hypotheses. Short-sellers, fundamental analysis, and stock returns

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.