Abstract
The paper links the economic theory of the firm with the firm’s balance sheet and income statement by including transaction costs, disequilibrium, and comparative statics in a model of a firm in a perfectly competitive industry. The analysis builds in particular on contributions by Ronald Coase.
Recommended Citation
(2026)
"The Theory of the Firm, Transaction Costs, and Financial Statements,"
Journal of Economics and Finance Education: Vol. 13:
Iss.
2, Article 1.
Available at:
https://scholarship.rollins.edu/jefe/vol13/iss2/1
