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Monopoly and Monopsony Power

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0014
Subject:
Economics and Finance, Microeconomics

This chapter discusses microeconomic theories of monopoly and monopsony. It explains that monopoly is a market for a product sold by a single supplier and lacking close substitutes while monopsony is ... More


Business and Ethics?: The Question of Organizational Behavior

Julie A. Nelson

in Economics for Humans

Published in print:
2006
Published Online:
February 2013
ISBN:
9780226572024
eISBN:
9780226572055
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226572055.003.0006
Subject:
Economics and Finance, Behavioural Economics

This chapter reviews the factual issues that arise at an organizational level. It argues that ethical behavior is neither intrinsically at odds with organizational profit making nor guaranteed by ... More


The Production Decisions of Competitive Firms

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0005
Subject:
Economics and Finance, Microeconomics

This chapter examines the factors that influence the production decisions of competitive firms. It explains that a firm is usually assumed to produce the quantity of output that maximizes its profit, ... More


Challenging Common Perceptions: Some Preliminary Conceptual Reflections on Multinational Corporations' Obligations of Justice

in Multinational Corporations and Global Justice: Human Rights Obligations of a Quasi-Governmental Institution

Published in print:
2009
Published Online:
June 2013
ISBN:
9780804762403
eISBN:
9780804772600
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804762403.003.0008
Subject:
Business and Management, Organization Studies

This chapter examines multinational corporations' (MNCs) obligations of global justice by focusing on three existing perceptions and debates about the role and responsibilities of corporations in ... More


Assembling Efficient Organizations?

W. M. Gorman

C. Blackorby and A. F. Shorrocks (eds)

in Separability and Aggregation: The Collected Works of W. M. Gorman, Volume I

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198285212
eISBN:
9780191596322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198285213.003.0023
Subject:
Economics and Finance, Microeconomics

This paper appeared in a Festschrift in honour of Kenneth Arrow in 1986 (Uncertainty, Information and Communication Essays in Honor of Kenneth J. Arrow, iii, eds W. P. Heller, R. M. Starr, and D. A. ... More


THE VALUE FUNCTIONAL: THEORY

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0015
Subject:
Economics and Finance, Financial Economics

This chapter presents the theory behind the novel value functional method. This includes the importance of the definition of the firm introduced in this book, which includes separation, replicable ... More


Harnessing the Energies of Private Companies

Gary S. Fields

in Working Hard, Working Poor: A Global Journey

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199794645
eISBN:
9780199928606
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199794645.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

The private sector has the potential to be a potent force in the fight against global poverty. That, however, is not its raison d’être. As a descriptive matter, companies seek higher profits. This ... More


Strengthening the Constraints

J. E. Parkinson

in Corporate Power and Responsibility: Issues in the Theory of Company Law

Published in print:
1995
Published Online:
March 2012
ISBN:
9780198259893
eISBN:
9780191682018
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198259893.003.0027
Subject:
Law, Company and Commercial Law

This chapter describes the mechanisms by which third-party interests might be more fully integrated into the corporate decision-making process. It also explores a number of legal reforms by which ... More


A Market Failures Approach to Business Ethics

Joseph Heath

in Morality, Competition, and the Firm: The Market Failures Approach to Business Ethics

Published in print:
2014
Published Online:
May 2015
ISBN:
9780199990481
eISBN:
9780190267704
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199990481.003.0002
Subject:
Philosophy, Moral Philosophy

This chapter discusses the issues concerning the association between the business obligation of profit maximization and self-interest. It looks into how this problem emerges as a result of the ... More


VALUE IN NEOCLASSICAL ECONOMICS

Patrick L. Anderson

in The Economics of Business Valuation: Towards a Value Functional Approach

Published in print:
2013
Published Online:
September 2013
ISBN:
9780804758307
eISBN:
9780804783224
Item type:
chapter
Publisher:
Stanford University Press
DOI:
10.11126/stanford/9780804758307.003.0008
Subject:
Economics and Finance, Financial Economics

The neoclassical model is familiar to generations of college students. This chapter reviews the emergence of the neoclassical or “marginalist” school of economics in the late 19th century, and its ... More


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