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Neoclassical and non-neoclassical theories of the firm.

  • 06-05-2010 1:51pm
    #1
    DeadMoney
    Registered Users, Registered Users 2 Posts: 1,127 ✭✭✭


    Hi, can anybody tell me if the following theories of the firm in Industrial economics are examples of non-neoclassical theories?
    Transaction cost theory, Behavioural theory, Stakeholder theory, and Evolutionary theory.


Comments

  • #2
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    DeadMoney wrote: »
    Hi, can anybody tell me if the following theories of the firm in Industrial economics are examples of non-neoclassical theories?
    Transaction cost theory, Behavioural theory, Stakeholder theory, and Evolutionary theory.

    Evolutionary economics would probably be closer to the Austrian School, or at least Schumpeter. Behavioural economics is definitely not neoclassical.

    At a guess, "transaction cost theory" probably belongs to game theory. I have no idea about "stakeholder theory".


  • #3
    DeadMoney
    Registered Users, Registered Users 2 Posts: 1,127 ✭✭✭DeadMoney


    Thanks :)! Actually have another question that perhaps you can help me with? I have to prepare an essay for the topic of 'why are there so many variations to the basic Oligopoly model'? Not sure how to tackle it. I know the different variations (assumptions) include Cournot, Bertrand, and Stackelberg so I assume I have to mention these, but not sure as to "why" there are so many variations to the basic model.


  • #4
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    I'd imagine the answer to that question can be found in any IO book.


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