Cultural Variation in the Theory of the Firm

Authors

Donald W. Katzner, University of Massachusetts - Amherst

Working Paper Number

2005-07

Publication Date

2005

Abstract

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 self interest is not considered to be a primary force driving human behavior. Three types of firms are defined and their properties compared: the Western firm, the Japanese firm, and the clan. The third is a combination of the first two.

DOI

https://doi.org/10.7275/1069162

Recommended Citation

Katzner, Donald W., "Cultural Variation in the Theory of the Firm" (2005). Economics Department Working Paper Series. 70.
https://doi.org/10.7275/1069162