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The Co-operative Game Theory of the Firm

Masahiko Aoki




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 | #3318529 in Books |  1986-10-16 | Original language:English | PDF # 1 |  9.19 x.49 x6.13l, | File type: PDF | 229 pages

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This highly original book challenges the orthodox economic theory of the firm as a mysterious "black box" whose internal design is unknown and irrelevant and which operates solely to maximize shareholder profit. Instead, the author proposes a new "cooperative game theory," in which the firm is a coalition of shareholders and employees, with its market behavior and internal distribution the result of a cooperative game (bargaining). Aoki tests his model against existin...

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