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Enterprise Forms and Economic Efficiency

Kazuhiko Mikami
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A01=Kazuhiko Mikami
alternative business structures in economics
asymmetric information
Author_Kazuhiko Mikami
capital
Capital Owner
capitalist
Capitalist Firm
Category=GTM
Category=JHBL
Category=KCC
Category=KCD
Category=KCF
Category=KJ
Central Government Firm
Consumer Cooperative
cooperative
empirical economic models
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Equilibrium Output Level
firm
Government Firms
Government Undertakings
Greater District
Hazardous Project
Line CG
Line HB
Local District
Marginal Benefit Curve
market
market failure analysis
Membership Market
microeconomic theory
Monopsony Power
organisational economics
owners
physical
Physical Capital
Pooling Equilibrium
public goods provision
Raise Equity Capital
rate
rental
Rental Market
Safe Project
Shoe Makers
Simple Majority Rule
Sunk Costs
Taste Parameter
worker
Worker Cooperative

Product details

  • ISBN 9780415702959
  • Weight: 400g
  • Dimensions: 156 x 234mm
  • Publication Date: 13 Sep 2013
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

The book conducts a comparative study on the form of enterprise, focusing on broadly defined cooperative firms in comparison with conventional capitalist firms. It explores the essential advantages and disadvantages of the different types of firms and attempts to answer why capitalist firms are so prevalent in our economy.

The book attempts to explain these questions from the viewpoint of "market failure" in the framework of standard microeconomic theory. In this analytical framework, it proposes an alternative system of business organization based upon consumer cooperatives and the market for their memberships, which can coexist consistently with the system of capitalist firms and the stock market within a single market economy.

The existing studies of the cooperative sector have been rather ideological. The analytical framework that is presented in this book helps promote scientific exploration of cooperative and other types of firms, which are indispensable and potentially promising constituents of our society.
About Kazuhiko Mikami
Kazuhiko Mikami is a Professor of Economics at the University of Hyogo, Japan. His area of study ranges from economic systems to industrial organization and public economics. As a teacher, he has taught microeconomics and industrial organization.

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