Showing 1 - 3 of 3
The Coffey-Tomlinson challenge to my view that the behavior of the Japanese firm is best understood without reference to profit maximization is met by arguing that (1) the outsourcing of production in Japan is, by itself, insufficient to warrant a claim of profit maximization; (2) behavior that...
Persistent link: https://www.econbiz.de/10005233051
This paper argues that, in attempting to provide accurate explanations of economic behavior, economists have to account, in the structures of their models, for the cultural backgrounds of the agents in question. In particular, utility and profit maximization (or their equivalent) cannot be used...
Persistent link: https://www.econbiz.de/10005543583
This paper presents a model of the firm that includes the possibility of firm and employee on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which...
Persistent link: https://www.econbiz.de/10005543608