The current state of the economic theory of the firm

Author(s):  
Olivier Weinstein
2012 ◽  
pp. 41-66 ◽  
Author(s):  
M. Storchevoy

The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory. The theory is based on minimization of opportunistic behaviour determined by the material structure of production (a classification of ten structural factors is offered). This framework is applied to the analysis of three boundaries problems (boundaries of the job, boundaries of the unit, boundaries of the firm) and five integration dilemmas (vertical, horizontal, functional, related, and conglomerate).


2014 ◽  
pp. 40-60
Author(s):  
M. Storchevoy

The paper studies through the lens of the economic theory of the firm the development of two managerial disciplines: supply chain management and relationship marketing. The author demonstrates which ideas have been borrowed by these disciplines from the economic theory of the firm, and in what extent their implications may be useful for the latter.


Author(s):  
Rais Burganov ◽  
Liliya Urazbahtina

The energy-saving behavior of households has a huge and obvious role in the development of the economy and society. However, the theoretical approaches of economists on this topic are developing more slowly than its applied aspects. The aim of this work is to consider the energy-saving behavior of households from the angle of the main directions of economic theory. The research methodology is based on the principles of the implementation of areas of economic theory, as well as on the use of total energy, consisting of electric, thermal, solar, mechanical and other types of energy. The article proposes a classification of factors (main and secondary, main and auxiliary) that affect household behavior in the field of energy conservation and which should be taken into account when drawing up its mono and polyparametric mathematical models. Moreover, each variable can be positively or negatively reflected in the rational or irrational behavior of households in energy conservation. The paper gives the results of the consideration of problems in shaping the behavior of households from the point of view of the neoclassical direction of economic theory and institutionalism, as well as on the basis of its moral-educational and technological concepts. The current state of introducing the development of energy-saving and nature-friendly technologies into the everyday activities of households will transform the behavior of households in the field of consumption of any type of energy.


Author(s):  
Petter Gottschalk

Business strategy has traditionally focused on products and services to gain competitive advantage. Recent work in the area of strategic management and economic theory has begun to focus on the internal side of the equation — the firm’s resources and capabilities. This new perspective is referred to as the resource-based theory of the firm.


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