Chapter 8. Markets

  1. A. Allan Schmid

Published Online: 4 FEB 2008

DOI: 10.1002/9780470773833.ch8

Conflict and Cooperation: Institutional and Behavioral Economics

Conflict and Cooperation: Institutional and Behavioral Economics

How to Cite

Schmid, A. A. (ed) (2004) Markets, in Conflict and Cooperation: Institutional and Behavioral Economics, Blackwell Publishing Ltd, Oxford, UK. doi: 10.1002/9780470773833.ch8

Publication History

  1. Published Online: 4 FEB 2008
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9781405113557

Online ISBN: 9780470773833

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Keywords:

  • markets;
  • institutional theory;
  • bargained transactions;
  • property rights;
  • administrative transactions

Summary

This chapter contains section titled:

  • Introduction

  • Who Owns?

  • Internal Organization of Firms

  • Bargained vs. Administrative Transactions

  • Trading Rules and Market Formats

  • How Firms Price Products

  • What Is Profit

  • Communism to Markets

  • Conclusions