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Theory of the Firm

This class was created by Brainscape user Sofie Sørensen. Visit their profile to learn more about the creator.

By: Sofie Sørensen
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Decks in this class (12)

Lecture 1 - Introduction
Benefits of specialization 1,
Costs of specialization 2,
Who specializes in what 3
11  cards
Lecture 2 - Decision Making & Interaction
Classical decision making model 1,
Manifestations of bounded rationa...,
Key idea of decision achitacts 3
5  cards
Lecture 3 - Efficiency, prices and property rights: Benchmarks
Behavioral assumptions 1,
View of the firm 2,
2 benchmarks 3
15  cards
Lecture 4 - Agency Theory
Behavioral assumptions 1,
Contracts 2,
Assumptions about the principle a...
18  cards
Lecture 5 - Agency Theory
Types of incentive pay 1,
Advantages and disadvantages of p...,
Effects of piece rates 3
6  cards
Lecture 6 - Internal Organization
Definition decision rights 1,
Delegation decision quality 2,
What is delegated 3
10  cards
Lecture 7 - Internal Organization
2 interdependent aspects of desig...,
2 views on organizational theory 2,
Advantages of hierarchy 3
17  cards
Lecture 8 - Transaction Cost Economics
Tce behavioral assumptions 1,
Tce contracts 2,
Tce view of the firm 3
12  cards
Lecture 9 - Franchising & Diversified Firms
Types of hybrid governance struct...,
Key issue in franchising 2,
Hybrid form characteristics 3
17  cards
Lecture 10 - Property Rights
Pra behavioral assumptions 1,
Pra contracts 2,
Pra view of the firm 3
18  cards
Lecture 11 - Self-enforcing Contracts
Mechanisms for enforcing agreemen...,
Contractual hazards 2,
Mechanisms for enforcing good beh...
18  cards
Part B
Structure 1
1  cards

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Theory of the Firm

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