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The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market.[1] Firms are key drivers in economics, providing goods and services in return for monetary payments and rewards. Organisational structure, incentives, employee productivity, and information all influence the successful operation of a firm in the economy and within itself.[2] As such major economic theories such as transaction cost theory, managerial economics and behavioural theory of the firm will allow for an in-depth analysis on various firm and management types.
^Kantarelis, Demetri (2007). Theories of the Firm. Geneve: Inderscience. ISBN 978-0-907776-34-5. Description & review. • Spulber, Daniel F. (2009). The Theory of the Firm, Cambridge. Description, front matter, and "Introduction" excerpt.
^Cohen, Lloyd R. (1979). "The Firm: A Revised Definition". Southern Economic Journal. 46 (2): 580–590. doi:10.2307/1057429. JSTOR 1057429.
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