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The Theory of Price
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The article was published on 1942-01-01 and is currently open access. It has received 1104 citations till now. The article focuses on the topics: Mid price & Limit price.read more
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Toward a positive theory of consumer choice
TL;DR: The economic theory of the consumer is a combination of positive and normative theories as discussed by the authors, which describes how consumers should choose, but it is also described how they do choose, and in certain well-defined situations many consumers act in a manner that is inconsistent with economic theory.
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The External Control of Organizations.
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The theory and practice of corporate finance: Evidence from the field
TL;DR: The authors survey 392 CFOs about the cost of capital, capital budgeting, and capital structure and find some support for the pecking-order and trade-off capital structure hypotheses but little evidence that executives are concerned about asset substitution, asymmetric information, transactions costs, free cash flows, or personal taxes.
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The New Institutionalism: Organizational Factors in Political Life
James G. March,Johan P. Olsen +1 more
TL;DR: In this article, a new institutionalism emphasizes the relative autonomy of political institutions, the possibilities for inefficiency in history, and the importance of symbolic action to an understanding of politics.
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A Historical Comparison of Resource-Based Theory and Five Schools of Thought Within Industrial Organization Economics: Do We Have a New Theory of the Firm?
TL;DR: A resource-based approach to strategic management focuses on costly-to-copy attributes of the firm as sources of economic rents and, therefore, as the fundamental drivers of performance and competitive advantage as discussed by the authors.