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《The Study of Finance and Economics》 2003-10
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Price Explanation of Firm Contract

WANG Hongxia(Population Research Institute,Fudan University,Shanghai 200433,China)  
The mainstream firm theory set by Coase holds that the resources in the firm are distributed and used by the order or the authority instead of by priceThe paper,however,by analyzing the role of the authority and price in the firm finds that:inside the firm,the authority and the price do not exclude each other;in fact,the authority is based on the price,while the price is actually the endogenous variable of the firm contract;and the firm can be considered dynamic contract sequences varied by the price,to speak more exactly,it is dynamic contract sequences varied by the price of the human capital
【CateGory Index】: F270
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