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| Author: | Lucas, M. Rafferty, J. |
| Title: | Cost analysis for pricing: Exploring the gap between theory and practice |
| Journal: | British Accounting Review
2008 : JUN, VOL. 40:2, p. 148-160 |
| Index terms: | institutional economics cost accounting pricing decision making case studies |
| Language: | eng |
| Abstract: | This paper reports on the findings of two cases studies performed as part of a programme of case studies, aiming at exploring the power of the old institutional economics framework to explain the gap btw. management accounting (hereafter as: mgmt. acc.) theory and practice, from the viewpoint of costing for pricing. It is concluded that much observed mgmt. acc. practice is difficult to reconcile with ex-ante constrained optimization, but is explicable as to conditioning by various institutions. |
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