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Paperback The Co-Operative Game Theory of the Firm Book

ISBN: 0198772688

ISBN13: 9780198772682

The Co-Operative Game Theory of the Firm

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Format: Paperback

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Book Overview

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...

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