Corporate Economics (Introduction to Business Theory and Economic Organizations, 3rd Edition)

Author: (English) Martin Lickert, translated by Fan Libo, Song Zhihong
Publisher:
Publish Date: 2006-02-01
Features:
In recent decades, one of the most notable focuses in economics has been exploring a series of theoretical frameworks that explain why economic organizations have different structures and characteristics. Martin Lickert's Economics of the Firm is the best book to understand such interesting topics as asymmetric information and transaction costs within this framework. Highly recommended!—J.H. Pencavel, Professor of Economics at Stanford University, USA
Martin Lickert has successfully revised this book, adding hot topics such as privatization policies in the East and West to the original version, and explaining the microfoundations of property rights theory in clear and accessible language. It provides a comprehensive and lucid introduction to modern institutional economics—the best in the market among similar books.—Rudolf Richter, Professor of Economics at the University of Saarland, Germany
This book takes incomplete information and transaction difficulties as its starting point, primarily based on neoclassical economic thought, to conduct a thorough and in-depth analysis and elaboration on the structure and contractual relationships of economic organizations. It provides detailed introductions and comparative analyses of theoretical schools and concepts in economics, such as transaction cost theory, property rights theory, principal-agent theory, public choice theory, and deepening theory, as well as the theories of the Austrian School. In addition to analyzing different types of business organizations, the author has added discussions on public policies in the third edition. The book is comprehensive in its concepts and theories, making it suitable for teaching use.