Towards an Out of Equilibrium Theory of the Firm
Abstract
In this paper two different definitions of the firm and its functions are
contrasted, reflecting different problems to which the attention is drawn
and hence different analytical approaches.
A problem of allocation of resources is stressed by the standard theory
of the firm. This implies an ex-post representation of production,
technology and the environment which makes it possible to carry out the
analysis with reference to equilibrium configurations and in terms of
efficient solutions interpreted as (punctual or intertemporal) optimal
alloca tive choices (...).