1st Edition
Enterprise Forms and Economic Efficiency Capitalist, Cooperative and Government Firms
By Kazuhiko Mikami
Copyright 2011
216 Pages
by
Routledge
216 Pages
48 B/W Illustrations
by
Routledge
216 Pages
48 B/W Illustrations
by
Routledge
Also available as eBook on:
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... Read more
Overview 1. Market Power and the Form of Enterprise 1.1. Introduction 1.2. The Model 1.3. The Efficient Form of Enterprise 1.4. Empirical Observations 1.5. Conclusion 1.6. Proofs 2. Asymmetric Information and the Form of Enterprise 2.1. Introduction 2.2 The Model 2.3. The Efficient Form of Enterprise 2.4. Conclusion 2.5. Equilibrium with a Capitalistic Firm 2.6 Proofs 3. Externalities and the Form of Enterprise 3.1. Introduction 3.2. The Model 3.3. The Efficient Form of Government Enterprise 3.4. A Two-Local District Case 3.5. Conclusion 3.6. The Market for a Public Good with a Capitalist Firm 3.7. A Case with More than Two Types of Residents 3.8. Proofs 4. The Predominance of Capitalist Firms in the Market Economy 4.1. Introduction 4.2. The Model 4.3. The Efficient Form of Enterprise 4.4. An Empirical Examination 4.5. Conclusion 4.6. Proofs 5. An Alternative System of Business Organization in the Market Economy 5.1. Introduction 5.2. The Model 5.3. An Economy with no Market Failure 5.4. Market Failure in the Debt Capital Market 5.5. Market Failure in the Product Market 5.6. Conclusion 5.7. Housing Companies in Finland 5.8. Procurement of Equity Capital in the Capitalistc System when ? < 1 5.9. Proofs Bibliography Index
Biography
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.
