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Information, Incentives and Bargaining in the Japanese Economy: A Microtheory of

Information, Incentives and Bargaining in the Japanese Economy: A Microtheory of the Japanese Economy Paperback / softback - 1990

by Masahiko Aoki

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Paperback / softback. New. This book is not another parable of Japan's economic success; it provides rich and systematic descriptions of Japanese microeconomic institutions and interprets their work in terms familiar to Western economists. A systematic, in-depth analysis of Japanese institutions of this kind has never been available before.
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First line

In microeconomic textbooks, the firm is treated as a profit-maximizing agent whose technological opportunities are exogenously given in the form of the production function or the cost function.

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