Publication: The behaviour of firms: an old debate
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2014
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Abstract
The Harvard School began with the early Mason/Bain research about the performance of the firms to get market power. This proposal opened a different field of the neoclassical economic theory valid since Alfred Marshall, whereas the Chicago scholars continued with the traditional paradigm. Nowadays the three main issues of discussion between these two schools of economic thought are the same as those of the 30’s and 40’s: barriers of entry into an industry for the new incumbents, the production function and profits maximization and behaviour of the firms within their industry. This article updates these topics.
La Escuela de Harvard comenzó con la temprana investigación de Mason / Bain sobre el comportamiento de las empresas para obtener poder de mercado. Esta propuesta abrió un campo diferente de la teoría económica neoclásica válida desde Alfred Marshall, a la vez que los estudiosos de Chicago continuaron sus investigaciones siguiendo el paradigma tradicional. Hoy en día los tres temas principales de discusión entre estas dos escuelas de pensamiento son los mismos que los de los años treinta y cuarenta: las barreras de entrada en una industria para nuevas empresas, la función de producción y la maximización de beneficios y el comportamiento de las empresas dentro de su industria. En este artículo se actualizan estos temas.
La Escuela de Harvard comenzó con la temprana investigación de Mason / Bain sobre el comportamiento de las empresas para obtener poder de mercado. Esta propuesta abrió un campo diferente de la teoría económica neoclásica válida desde Alfred Marshall, a la vez que los estudiosos de Chicago continuaron sus investigaciones siguiendo el paradigma tradicional. Hoy en día los tres temas principales de discusión entre estas dos escuelas de pensamiento son los mismos que los de los años treinta y cuarenta: las barreras de entrada en una industria para nuevas empresas, la función de producción y la maximización de beneficios y el comportamiento de las empresas dentro de su industria. En este artículo se actualizan estos temas.
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